K-1 with Box17 code V = "STMT"

[oldsdw]

I have turbotax deluxe 2019.  I have a K-1 to report and it shows "STMT" on line 17 V and later shows several 199A numbers.  TurboTax requires that I enter a single number, not "STMT".  What do I do??

[DaveF1006 · Accepted solution]

Here is the order that should appear in your return in Box 17

1. if there is a V, select V in the drop down and leave the $ blank.
2. Next screen asks about the risk.  indicate you are at risk
3. Then there will be a screen that appears that says, We see that you have 199A income.Here you have three choices to make.  pick one that is applicable to you.
4. Next screen will say we need some information about your 199A income.  Here you will need to look at the statement that lists all of the QBI income that applies. in the screen, you will select all the QBI choices that are in the statement and record dollar amounts for each one you select.