Sch K-1 Shareholder's Income, Deductions, Credits, etc - showing incorrect wages

[kathleen4]

I entered the sole shareholders wages in the 'officer information' screen, and on the Sched K-1 breakdown of Shareholder's Income, Deductions, Credits, etc, is shows a completely different amount. Clicking the box takes me to a screen with no data.  Does anyone know what is feeding into this number and why it would be more than the actual wages.  Everything else seems to look correct on the return. 

[George4Tacks]

Where are you seeing wages on the K-1? 

[kathleen4]

Statement A—QBI Pass-through Entity Reporting (Schedule K-1, Box 17, Code V

[George4Tacks]

Are there any other employees?

[kathleen4]

no, it would be great if I could click that field and it showed me what was actually in there, but it takes me to a tab that has blank fields.  

[sjrcpa · Accepted solution]

Do you have COGS Labor?

[kathleen4]

Yes, but the amount of Shareholder Wages id Like $58k and Labor $30k and the amount that is showing for wages on the screen I am referring to is like $68k. 

[ACCTETCllc]

so sorry.. popping in on this comment trying to see if anyone has this issue...

Client Letter not reflecting fed early electronic payment date

if you put for instance to draft the payment 3/15 instead of 4/15 the letter does not change.. however if you put 4/20 it will say You can't draft after the due date so somethings connected it's just not doing the early draft date.. anyone have any ideas?

[George4Tacks]

@ACCTETCllc DO NOT POP INTO THREADS THAT ARE UNRELATED. Start your own thread or search. 

The answer is that yes, others are having the issue and there is not and will likely not be a solution. 

[kathleen4]

I apparently needed a fresh brain to check this, and this was the solution when I reviewed the K-1 this morning.  Thank you for your help. 

[sjrcpa]

You're welcome.