NoahCountAnt
Returning Member

Business & farm

Ther K-1 Schedule Box 17 says "See Statement". The statement says Section 199A items, Box 17, Code V.

It lists:

Ordinary Income: 3

W-2 Wages: 8

Unadjusted Basis: 12

 

I have no idea how to record this since there is space for only one number.

 

Also, I can't determine my "At Risk" state. I am an assembly worker doing 40 hrs a week, period.

 

I bought Turbotax Premier to do this section, and it is not going well.