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March 9, 2020
Question

How do I get TTax to generate Schedule E and allow QBI deduction for my S Corp K-1 income?

  • March 9, 2020
  • 1 reply
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1 reply

DavidS127
March 9, 2020

When you enter your S Corp K-1, there should be a box 17 code V amount.  It is very important to Continue through the K-1 interview after you have entered your value for box 17 code V.  There is a screen near the end of the interview titled "We need some more information about your 199A income or loss".  This screen must be completed in order for your box 17 code V information to be correctly input into TurboTax.

 

To get back to the K-1 summary screen and find the Schedule K-1 to edit, click the "magnifying glass Search" icon on the top row, enter "k-1" in the search window and press return or enter, and then click on the "Jump to k-1" link to enter your K-1 or find the K-1 you need to edit.

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