I posted about my K-1 having an error code for box 17 "V" option

[Bonnied1]

Where I entered a V for the code That column entry is red/pink making me think they show an error of some kind

[JamesG1]

Section 199A information needs to be entered in a specific way.

Enter IRS form K-1 (1120-S) information at the screen Enter Box 17 info,

• Select code V Section 199A information.  Do not enter a value to the right.
• Click Continue.
• At the screen We need some information about your 199A income, you will likely enter the following information: 
•     Ordinary business income (loss) from this business, and/or
•     Rental income (loss).

Enter these values for the Qualified Business Income Deduction to be calculated.

Some preparers of the K-1 form will include the Section 199A information on a separate statement called a Statement A.

It is possible that additional information may need to be entered.  Click the box to the left to open up entry boxes.

[Bonnied1]

As I understand it, V is for "Sec199a" info which includes salary paid to employees.

That is what was appropriate for our return. So that is what I entered and it is giving me an error message

of a Pink square where the V goes.

Bonnie

[PatriciaV]

You must enter an amount on an income line on the Section 199A entry page. You have the choice of Ordinary, Rental, Royalty, Section 1231, or Other income (loss). Leaving all those boxes blank will generate a form error (red box).

@Bonnied1 

[Bonnied1]

How in the world do I find that screen on TT that asks about the 199A info.

Must I leave the dollar amount blank?  someone else said I had to fill in the dollar amount

I am very confused.  I do K-1's every year and this is the first time this has happened.

Bonnie

[Bonnied1]

the page does not look like your post.

I had to enter on that page that the section 199A was for

w-2 income on each K-1 for the 2 partners.

that is all the "V" category was for.

I am not sure why it is entered again on our

return, because it already shows up under our W-2's

earlier in the return as income to us.

[JamesG1]

Have you been able to clear the error that you received?

I think you are saying that you reported W-2 wages for this business such as below.

You are correct.  The wages may be the amounts that were paid to the two owners of the entity. 

The qualified business income deduction calculations can include all of the items which are listed at the screen We need some information about your 199A income.  Q9 refers to wages paid.

@Bonnied1 

[Bonnied1]

where in the world do you enter that information?

all there is, is a place for the letter and Section 119 income

and then the dollar amount.  There is no place to put any other information

on the "forms" section.

Bonnie

[Bonnied1]

sorry, I mean 199 A but said 119.

[Bonnied1]

The type of income is listed elsewhere as W-2 income.

on the K-1 it is on a Statement A.

I could not find a place on Turbo Tax to put it so it keeps showing as an error

and now I cannot even Efile because it is holding my return hostage.

Bonnie

[Bonnied1]

I have gone back again and made sure the W-2 income was entered for both K-1s when it asks you for for info

about your K-1 box 17.

and it still shows that it is 

an error and the V box is Pink.

There does not seem to be a way to correct this problem.

[Bonnied1]

what does Q 9 mean?  I found the place to enter V as W-2 wages but it still does not recognize the correct information on my return.

[KristinaK]

At this point, contacting TurboTax may be a good option. Here is how to do that.