I am using TT Premier. I enter into the K-1 form 1065 in line 20-Z a value. 20% fo this value (or anything close to it) does not appear to be carried to Section 199A. I am well below the threshold income level for the QBI. What can I do to get this to work?
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I'm not sure what would come out of Line 20-Z to go towards a QBI deduction. I believe QBI would only come from lines 1-4, 7, and 14. Line 20 is a catch all for various "other information" and is often not income of any type.
If you feel like there is income in the box, you may want to check the preparation of the 1065 partnership return.
I'm not sure what would come out of Line 20-Z to go towards a QBI deduction. I believe QBI would only come from lines 1-4, 7, and 14. Line 20 is a catch all for various "other information" and is often not income of any type.
If you feel like there is income in the box, you may want to check the preparation of the 1065 partnership return.
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