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Level 1
October 12, 2023
Question

WHERE DO I MARK A K-1 FROM 1120S IS A SSTB

  • October 12, 2023
  • 1 reply
  • 3 views
HOW TO MARK A K-1 ON A 1040 FOR SSTB
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1 reply

Intuit Community Champion
October 13, 2023

If your k1 is from an SSTB, then you will not have an amount in box 17V. Don't believe you have to mark the K1 for your 1040 you just will not have any 199A info

sjrcpa
Level 15
October 13, 2023

K-1s have 199A info and the box checked that they are a SSTB. Depending on the owner's income, they might get the 19A deduction for a SSTB.

The more I know the more I don’t know.