Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Jun 1, 2019 4:09:37 PM

Have K-1 for partnership owning five QBI pass-thru entities combined on line 20Z but shown separately in footnote. Can't enter more than one. How to enter individually?

1 2 622
2 Replies
Not applicable
Jun 1, 2019 4:09:39 PM

did any info with the k-1 offer any guidance as to entering the activities.    - that they must be reported separately.  


TT does not have a provision for entering multiple activities that are reported on a k-1.  the work-around is to enter each activity on a separate k-1.   if there is a EIN for each activity use them along with the associated name .   if not use the ein and name on k-1   then on each k-1 for name add something like activity-1, activity-2

Level 1
Jun 1, 2019 4:09:40 PM

K-1 says it's "complex" and to consult your tax advisor. Each business owned by the partnership has an EIN, but some are SSTB's, some aren't, some have net income, some have a net loss.  What a mess.