Schedule K-1, Box 17,Code V Qualified Property

[VenuR]

I received a Schedule K-1(1120-S, S Corp), Box 17,Code V Qualified Property amount of $14,868. I would like to know where I should enter that information in Lacerte, Individual Tax Return. I would appreciate anybody helping me out. Thanks.

[Karen_pdx · Accepted solution]

on the K-1 input screen in the individual module, scroll down to the Line 17 inputs until you get the input grid for line 17V Section 199A.

[VenuR]

On Line 17 Box V, which column do I input the amount for Qualified Property?

Thanks.

[Karen_pdx]

The only box that relates to property, which is UBIA Unadjusted Basis Immediately After Acquisition. 

[VenuR]

Thanks Karen. I appreciate the help.