In 2024 the K-1 from a 1065 with rentals has more sections. I can't figure what to add up etc from my 1065 k-1 that has a dozen rentals and enter into my 1040 K-1 questionair. The k-1 has a section A - QBI pass through reporting. Then each rental with some numbers.
I'm trying to enter this K-1 into my 1040 questionair that just has a single entry for line 20 code z. How do I add things up from the 2024 more expanded k-1?
In the 1065's k-1 section A each rental has numbers for: Rental income, UBIA of qualified property. About a dozen rentals are listed each with these 2 numbers.
tnx curt
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The rental income, the unadjusted basis of assets immediately after acquisition (UBIA) and the qualified business income (QBI) deduction can be entered into the 1065-K1 as follows.
See the images below to enter your information for 2 and 3 above.
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