To enter the S-Corp K-1 with 199A information, please follow these steps:
- When you are entering information from your K-1, on the screen, Check Boxes That Have an Amount, be sure you mark Box 17.
- On the screen, Enter Box 17 info select code V, but leave the amount box blank. Click Continue.
- On the screen. We need some information about your 199A income or loss, mark the boxes that apply. In your case: Ordinary business income; W-2 wages; and Has UBIA of qualified property.
- Each time you mark an item, a box will appear to enter the value for that item. Enter the value from your K-1.
- Continue through the rest of the screens.
