Question

Why is there not a checkbox for "Rental income (loss)" in statement A - QBI Pass-through entity reporting? This was an option on last year's return.

Forum|Forum|4 years ago
March 25, 2022
1 reply
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Where do I report K-1 Box 17 code V if my form shows a rental income box on statement A? Not business income, royalty, etc.

TurboTax Premier Online

PatriciaV

Employee

When entering Form 1120S Schedule K-1 Box 17 Code V, leave the amount blank and continue to the page "We need some information about your 199A income."

Check the box for "business income (loss)". The drop-down will provide boxes for ordinary, rental, royalty, and other income, along with Form 4797 gain/loss.

Enter the amount from the K-1 Supplemental Information in the appropriate box and continue to the end of the section.

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