Will section 199a income from K-1,s be entered on statement a?

jbstokoe — Mon, 29 Mar 2021 23:37:07 GMT

it appears that section 199a income is known why is it not entered on statement a?

Re: Will section 199a income from K-1,s be entered on statement a?

Mike9241 — Tue, 30 Mar 2021 02:48:45 GMT

what statement A?

Re: Will section 199a income from K-1,s be entered on statement a?

jbstokoe — Tue, 30 Mar 2021 20:22:23 GMT

I dont even know what turbotax is asking so of course i cant fix anything.

Re: Will section 199a income from K-1,s be entered on statement a?

jbstokoe — Tue, 30 Mar 2021 20:23:03 GMT

good question

Re: Will section 199a income from K-1,s be entered on statement a?

DawnC — Tue, 30 Mar 2021 20:42:08 GMT

Can you expand on your question? If you have a K-1 with information in the Other Information boxes, the issuer should have given you a statement with the amounts related to 199A, or qualified business income (QBI). TurboTax needs the details to properly calculate the QBI. Contact the K-1 issuer if the detailed statement was not provided.

When you enter box 20 (or Box 17 if an S-corp) information, continue through the screens, you will come to other screens where you have to enter the breakdown. There is more than 1 additional screen.

We see you have Section 199A income
We need some information about your 199A
Adjustments of 199A amounts

If you are not getting these screens, you have answered something that is disqualifying you for the deduction, so review all of your K-1 entries in that section. @sustainnovators

Codes Z. Section 199A information. Partnerships

Code V. Section 199A information. S-corp

topic Will section 199a income from K-1,s be entered on statement a? in Get your taxes done using TurboTax

Will section 199a income from K-1,s be entered on statement a?

Re: Will section 199a income from K-1,s be entered on statement a?

Re: Will section 199a income from K-1,s be entered on statement a?

Re: Will section 199a income from K-1,s be entered on statement a?

Re: Will section 199a income from K-1,s be entered on statement a?