I have code "AH*" and value="STMT" in Box 20 of my K1.
The attached "Partner's Section 199A Worksheet" has these values:
Net rental income (loss)
In the TurboTax questionnaire, there is a checkbox for "UBIA of qualified property" (Unadjusted Basis Immediately After Acquisition). Is this the same value as Qualified Property?
The CPA that generated the K-1 for the investment sponsor won't answer my questions.
Short of hiring a CPA (which defeats the purpose of doing my own taxes), is there a resource that explains this?