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Level 1
March 7, 2020
Question

S Corp K1, line 17, code V

  • March 7, 2020
  • 2 replies
  • 33 views

The K-1 forms are different than last year.  When I entered the V Code the program states

"No section 199A income has been entered on Statement A".  Where is statement A?

Please explain 

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2 replies

Jim-from-Ohio
Intuit Community Champion
March 7, 2020

statement A prints out from the 1120S side.. on 1040 side, have to scroll down the K-1 worksheet to  enter that info.. I agree the program should point you down there.. only way many people know is to see the Q & As here on the topic

dd4vols
Intuit Community Champion
March 7, 2020

statement A should come with the K-1...from that preparer.  If you have the statement A, then on your K-1 input...go down about 3 lines from Line 17... to line 17V, and do Quick Zoom... that takes you to the worksheet to put the 199A info on

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