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M
msindc1
Level 5
March 28, 2025
Question

How to enter K1 Box 17 Code V "Qualified Property"?

  • March 28, 2025
  • 3 replies
  • 11 views

Folks:

Individual client's K-1 reports for Box 17 Code V a "Qualified Property" amount.  Can anyone tell me where am I to record that amount?

Micah

This topic has been closed for replies.

3 replies

S
strongsilence
Level 10
March 30, 2025

Code V relates to stock options.  The answer is long and complicated.

M
msindc1Author
Level 5
March 31, 2025

Hmmm.  I thought it dealt with the qualified business income deduction?

George4Tacks
George4Tacks
Level 15
March 30, 2025

@msindc1 You could maybe even mention the flavour of K1 you are talking about Chocolate (1120S), Vanilla (1065) or Strawberry (1041). 

As is, I think it might be Neopolitan. 

Answers are easy. Questions are hard!
    M
    msindc1Author
    Level 5
    March 31, 2025

    Oops, sorry.  This is a chocolate K1 (i.e., from an 1120-S).

    M.

      George4Tacks
      George4Tacks
      Level 15
      March 30, 2025

      Start here https://accountants.intuit.com/support/en-us/help-custom/L3lhLp09p

      Answers are easy. Questions are hard!
      M
      msindc1Author
      Level 5
      March 31, 2025

      Unfortunately, neither that link nor any other resource I have found on the Lacerte site explains how to enter Line 17 Code V qualified property info.

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