When you receive a K-1 form, that means you are part owner of the company that issued it. If the income reported on the form is qualified business income (QBI), there may be a deduction you can take from the income reported on your tax return for it. TurboTax is asking you questions to determine if you can take the deduction and how much the deduction is.
The questions are referring to the income, deductions and wages that are associated with the company that issued the K-1 form, not your employer necessarily.
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