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Level 1
April 10, 2023
Question

Re: K-1 line 17 code V has "stmt"

  • April 10, 2023
  • 1 reply
  • 14 views

My K-1 line 17 has V code and stmt.  the attached stmt is a QBI pass-through entity reporting.  It contains 3 numbers.  One is the ordinary business income (loss) reported earlier in box1.  the 2nd # is w-2 wages and the 3rd # is UBIA of qualified property.  What do I put in the amount box for section v?

    1 reply

    AliciaP1
    Level 13
    April 10, 2023

    When you are entering your K-1 and you choose code V from the dropdown box, you will leave the amount box empty.  Through the rest of the interview steps TurboTax will prompt you to enter the Statement A information about your QBI.

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