Section 199A

BRHSBulldog — Tue, 24 Feb 2026 04:44:39 GMT

My Schedule K-1 includes an attachment for box 16 code V and it has three figures: ordinary income, W-2 wages, and unadjusted basis.

But, Turbo Tax only has allow one entry for box 16 V. Which one do I enter?

Re: Section 199A

JamesG1 — Mon, 17 Apr 2023 15:48:34 GMT

Are you referring to Box 17 rather than Box 16? The items that you are referring to are routinely included in a Statement A attached to your K-1 informtion.

if so, enter K-1 Box 17 V-Section 199A information as follows:

Down the left side of the screen, click on Federal.
Across the top of the screen, click on Wages & Income.
Under Wages and income, scroll down to S-corps, Partnerships and Trusts and click Show more to the right.
Click Start / Revisit or Edit / Add to the right of Schedule K-1.
At the screen Did you receive any Schedule K-1?, click Yes.
Click Start / Update to the right of S corporations Form 1120S.
Enter the K-1 information as requested.
At the screen Enter Box 17 Info, select V-Section 199A information. Leave Amount empty. This tells the software that Section 199A information will need to be entered for the income previously reported. Click Continue.
At the screen We see you have Section 199A income, select the appropriate income description. Click How would I know this? for more information.
At the screen We need some information about your 199A income, select the appropriate income description and amount from the 199A detail provided with the K-1. You may need to click XXX has business income (loss).
In some cases, you will also select and enter values for W-2 wages and UBIA of qualified property. Click Continue.
The information that is needed to complete the screen may be found on a Statement A attached to your K-1 information.

@BRHSBulldog

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Section 199A

Re: Section 199A