Irene2805
Expert Alumni

Business & farm

In addition to the K-1 you should have received a statement with the additional information needed for the 199A entries.  Here's how to enter box 17,code V:

  1. When you are entering information from your K-1, on the screen, Check Boxes That Have an Amount, be sure you mark Box 17.
  2. On the screen, Enter Box 17 info select code V, but leave the amount box blank.  Click Continue.
  3. On the screen. We need some information about your 199A income or loss, mark the boxes that apply. 
  4. Each time you mark an item, a box will appear to enter the value for that item.  Enter the value from your K-1.
  5. Continue through the rest of the screens.