Section 199A

Are you referring to Box 17 rather than Box 16?  The items that you are referring to are routinely included in  a Statement A attached to your K-1 informtion.

if so, enter K-1 Box 17 V-Section 199A information as follows:

• Down the left side of the screen, click on Federal.
• Across the top of the screen, click on Wages & Income.
• Under Wages and income, scroll down to S-corps, Partnerships and Trusts and click Show more to the right.
• Click Start / Revisit or Edit / Add to the right of Schedule K-1.
• At the screen Did you receive any Schedule K-1?, click Yes.
• Click Start / Update to the right of S corporations Form 1120S.
• Enter the K-1 information as requested.
• At the screen Enter Box 17 Info, select V-Section 199A information.  Leave Amount empty.  This tells the software that Section 199A information will need to be entered for the income previously reported.  Click Continue.
• At the screen We see you have Section 199A income, select the appropriate income description.  Click How would I know this? for more information.
• At the screen We need some information about your 199A income, select the appropriate income description and amount from the 199A detail provided with the K-1.  You may need to click XXX has business income (loss).
• In some cases, you will also select and enter values for W-2 wages and UBIA of qualified property.  Click Continue.
• The information that is needed to complete the screen may be found on a Statement A attached to your K-1 information.

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