WebMar 14, 2024 · Form 1120S Sch K-1 Line 17 Code V asterisk (*) and STMT. 03-14-2024 02:17 PM. IRS instructions indicate that if an S Corporation has more than one trade or business to enter an asterisk (*) on each shareholder's Schedule K-1 next to Code V and enter STMT in the right column. I cannot figure out how to enter this in the Lacerte program. WebThe QBI information appears on the Schedule K-1, box 17 with codes V - Z. When data sharing to a 1040 return from an 1120S return, these fields populate Screen K1-7 in the …
Help entering info from K-1 S-Corp on personal taxes : r/tax - Reddit
WebI'm single, I have a page that says Schedule K-1, Line 17 Code V but there are 3 numbers. Ordinary income, W-2 wages, Unadjusted Basis Immediately after Acquisition. ... Form K-1 … Webthe appropriate statements for Box 20 Code Z (1065 K-1), Box 17 Code V (1120S K -1), or Box 14 Code I (1041 K-1) of theapplicable federal schedules K-1. Section199A(g) DPAD llocated from A Cooperative: If the composite return filer was a patron in a cooperative, enter the sum of the section199A(g) DPAD amounts reported on the appropriate ... how to say shield in norse
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WebThe S-Corporation reports this information on the Schedule K-1 (Form 1120S) in Box 17, Code V through Z. It is this information from Box 17 of the Schedule K-1 (Form 1120S) that should be used by the Shareholder to calculate any 199A Deduction on their individual return. The Box 17 information that is used in the QBID calculation is the following: WebNov 5, 2024 · Go to Income / Deductions > Schedule K Other Income / Deductions worksheet.; Expand Section 16 - Summary of Sch K Items.; In Column Class Code, select … WebDec 15, 2024 · Box 16. Schedule K-3. If you need to attach a Schedule K-3 to report international activity, check this box. Box 17. Alternative Minimum Tax (AMT) Items. Enter any Alternative Minimum Tax ... Report any other … how to say she went in spanish