How to enter K1 Box 17 Code V "Qualified Property"?

[msindc1]

Folks:

Individual client's K-1 reports for Box 17 Code V a "Qualified Property" amount.  Can anyone tell me where am I to record that amount?

Micah

[Strongsilence-CPA]

Code V relates to stock options.  The answer is long and complicated.

[George4Tacks]

@msindc1 You could maybe even mention the flavour of K1 you are talking about Chocolate (1120S), Vanilla (1065) or Strawberry (1041). 

As is, I think it might be Neopolitan. 

[George4Tacks]

Start here https://accountants.intuit.com/support/en-us/help-custom/L3lhLp09p

[msindc1]

Oops, sorry.  This is a chocolate K1 (i.e., from an 1120-S).

M.

[msindc1]

Unfortunately, neither that link nor any other resource I have found on the Lacerte site explains how to enter Line 17 Code V qualified property info.

[msindc1]

Hmmm.  I thought it dealt with the qualified business income deduction?

[VenuR]

I have a Schedule K-1 from an S-Corporation.I have a line item "Qualified Property" with an amount of $ 14,868. I want to know where to enter that information. Thanks.

[George4Tacks]

Look at the input grid for 17V UBIA

[VenuR]

Thanks George4Tacks. Appreciate the help.