First, enter your S Corp K-1 into TurboTax. For the Section 199A information associated with box 17 code V, enter the code V when you enter the K-1 box 17 screen, but you don't need to enter an amount. Continue on, and you'll find the "We need some more information about your 199A income or loss" screen. This screen must be completed with the numbers from your Section 199A Statement or STMT. When you check the box next to a category on that screen, a place will open up to enter the amounts from the Statement or STMT that came with your K-1. The applicable category (or categories) on this screen (and the following "Let's check for some uncommon adjustments" screen, if applicable) must be completed in order for your K-1 QBI information to be correctly input into TurboTax for the federal tax return.
Then, when you complete the Oregon tax return, look for a screen or question related to the Oregon Qualified Business Income.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
