How do I record K-1 Box 17 Code V income from a PTP? I created new K-1 with just Box 17 code V for this PTP. TT says to check PTP box on K-1 but cannot locate.

The check box is in one of the first few screens after you enter information about the partnership.

Forgive my follow up - this is confusing. Do I need to create a separate K1 for the PTP info that is given in the box 17 stmt info from the S corp? All that is given is a name, EIN, ordinary income, unadjusted basis, renal income, and unadjusted basis for rent. Thank you for the help! 

You should be presented with screens that are subsequent to the screenshot in which you will enter those figures; you should not need to create a separate K-1.