Problem with K1 Statement A - QBI Pass-through Entity Reporting W-2 Wages

[alex14]

I have an S-Corp that i own 100%. The business does generate 100% Qualified Business Income. My question is that the one K1 for the business generated with TurboTax shows W-2 wages that are exactly double the actual W-2 wages reported on line 7 (Compensation of Officers) of the corresponding 1120-S created with TurboTax. I am the only officer and employee of the company which is reflected in form 1125-E. The 199A Worksheet by Activity shows the W-2 wages on line 8a correctly, but then shows an adjustment in line 8b that matches 8a and thus the adjusted wages in 8c are double what they should be. The "Data Source" and "Quick Zoom" options for 8b are not available so for the life of my I can't figure out where this "adjustment" in 8b came from.

Any ideas? Thanks!

[tagteam]

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@alex14 wrote:

.....The "Data Source" and "Quick Zoom" options for 8b are not available....

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If you place the cursor in the 8b box and double-click does it bring up a plus sign immediately to the left?

When I do so, I get the Supporting Details statement (which is blank, for me).

[alex14]

Interestingly, i can double click but the worksheet that pops up is blank. Thanks for trying.

[tagteam]

There must be an input error somewhere. 

Check your forms and worksheets in Forms Mode and look for that figure.

[alex14]

Thanks Tagteam. I've looked through every line of every form and can't find where this adjustment came from. As noted when i double click on the field it brings up the 199A Act Wks/QBI Adjustments works sheet with both the Description field and the Amount Field blank. Still stymied. It seems like every year there is something like this in TT :(

[tagteam]

Sorry nothing is working for this issue, @alex14.

You can always try deleting the 1125-E and compensation entry and re-enter. You do not have to save the file if it does not work.

[ThomasM125]

After you enter your deductions you are asked several questions on different screens and eventually you come to a screen that says Your Qualified Business and on it are listed your wages and an option to enter an adjustment to them. That should be where the adjustment you mention is coming from. So, it should have been a manual entry that you made. You can delete the adjustment on line 8(b) of the 199A Worksheet by Activity by placing your cursor to the right of the number and then using your backspace key on your keyboard.

[tagteam]

Here is that screen: