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.
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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.
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.
On Line 17 Box V, which column do I input the amount for Qualified Property?
Thanks.
The only box that relates to property, which is UBIA Unadjusted Basis Immediately After Acquisition.
Thanks Karen. I appreciate the help.
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