S Corp K-1 and QBI calculation for Code V

[Sheri1]

I have two 50/50 shareholders and only one took compensation.  There are no distributions and there is a loss for the year 2019.  What should the K-1's look like for Statement A Qualified Business Income, Box 17, Code V?

Currently it is showing the loss split 50/50, with W-2 wages split 50/50 and the qualified property is split 50/50.  Is this correct?  it is not a specified trade or business.  This is my first S Corp in a few years and I am not sure I am understanding how the shareholder comp should show up for Qualified Business Income as I am reading that it should be excluded from Qualified Business Income but only one shareholder took compensation.  I appreciate your help.

[IRonMaN]

50/50 sounds about 100% right.  Wages for QBI are total wages, not individual shareholder wages.

[Sheri1]

I also read though that Shareholder reasonable compensation are not QBI wages, so do I take the amount off of the Statement A of K-1?

[Sheri1]

I had a diagnostic saying that the tax program assumes that wages are 199 A and if they're not, I need to manually adjust.  So since the only wages paid are for one of the two shareholders, I am wondering if since its reasonable comp that it should not show up as wages on statement A of the K-1.  

[sjrcpa]

Deleted

[Sheri1]

Please forgive my ignorance, are you saying that I exclude shareholders wages from the 199 A wages or that they should be included in the 199 A wages?  

[IRonMaN · Accepted solution]

Just let the software do its thing and don't try to adjust anything.

[Sheri1]

Thank you. I appreciate you getting back to me!