ThomasM125
Expert Alumni

Business & farm

You can leave the amount for code V empty, as long as you enter the QBI income elsewhere in the code 199A section in TurboTax:

 

 

UBIA refers to unadjusted basis immediately after acquisition. You would only enter that amount if it is referenced by that description on the form K-1 that you received or in the notes attached to it.

 

  

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