I was still stuck on this issue and have not gotten any responses. It is vexing - the entries match my K-1 but it keeps finding the problem and won't allow me to finalize the return. I just tried deleting the K-1 and starting over. I found these instructions on this forum:
To enter the S-Corp K-1 with 199A information, please follow these steps:
- When you are entering information from your K-1, on the screen, Check Boxes That Have an Amount, be sure you mark Box 17.
- On the screen, Enter Box 17 info select code V, but leave the amount box blank. Click Continue.
- On the screen. We need some information about your 199A income or loss, mark the boxes that apply. In your case: Ordinary business income; W-2 wages; and Has UBIA of qualified property.
- Each time you mark an item, a box will appear to enter the value for that item. Enter the value from your K-1.
- Continue through the rest of the screens.
Other posts make it clear that no amount should be entered per #2 above. On to #3 - for me it is only "ordinary business income" and "W-2 wages." I check the boxes and enter the values. This seems to have gotten me over the hump, and the QBI deduction kicked in.
So - the solution is that you have to make sure you enter the figures TWICE and be careful when following the interview prompts.
