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Returning Member
posted Mar 20, 2024 5:17:29 PM

K-1 box 17 Code V

This is the info that shows for Code v box 17 - what do I enter in TurboTax

 

Ordinary Income                             xxx

W-2 Wages                                       xxx

Unadjusted Basis                             xxx

 

 

 

 

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1 Replies
Level 15
Mar 20, 2024 10:57:43 PM

as you continue to enter the data for the S-corp you should come to a section that asks about QBI/199A

this is where you will enter the numbers on the appropriate line (forget about 17V in Turbotax. It does not use the numbers from there.