Schedule K-1 Box 17 Code V

[LexieD2020]

I am trying to enter the information for this box; however, there are three items listed on the attached statement (ordinary income, W-2 wages, unadjusted basis) and I don't know what value is appropriate to enter. I have also been provided in the statement IRC SEC. 163(J) adjusted taxable income calculation which has values. 

[DavidS127]

Enter the code V on the box 17 screen, but leave the amount box blank.  Then, Continue through the K-1 interview after you have entered your code V on the box 17 screen.  Later in the interview questions is a screen titled "We need some more information about your 199A income or loss".  This screen must be completed with the box 17 code V Section 199A Statement or STMT that came with your K-1, in order for your QBI deduction to be calculated.

When you check the boxes next to the lines on that screen you need (the descriptions that match your three items), a place will open up to enter your amounts. 

To get back to the K-1 summary screen and find the Schedule K-1 to edit, click the "magnifying glass Search" icon on the top row, enter "k-1" in the search window and press return or enter, and then click on the "Jump to k-1" link to find the K-1 you need to edit.

Here is a screenshot of the screen to enter your Section 199A Statement/STMT information: