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June 13, 2021
Question

Schedule k-1 box 17v- secton 199A Code V lists Ordinary income loss and W-2 wagesDo I enter the W-2 wage amount as personal income

  • June 13, 2021
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Is sched K-1 w-2 wages same as my personal income and do I need to report it as personal income

1 reply

June 13, 2021

no those w-2 wages are only to be reported in the 199A section of the k-1. however, you do have to report the w-2 you got as income.