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April 16, 2020
Question

I entered a Schedule K-1 and the information on the 199A income screen, but it won't let me e-file. It says that I haven't input the 199A. How do I make this work? Thanks

  • April 16, 2020
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1 reply

April 16, 2020

199A refers to qualified business income (QBI). It shows up in box 20, code "Z" on an S corporation sch K-1, and in box 17, code "V" on a partnership K-1. You need to re-visit your K-1 entry for those boxes and answer the questions regarding your QBI.

 

Normally, the QBI amount is the same as the amount in box 1 to 3 of your schedule K-1.

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