- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter Section 199A information?
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)
W2 wages
Qualified Property
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?
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter Section 199A information?
It is most likely UBIA that was shortened on the statement you were issued.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter Section 199A information?
Although it could very well be, you should check with the issuer of your K-1.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter Section 199A information?
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?
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How to enter Section 199A information?
It is most likely UBIA that was shortened on the statement you were issued.
Still have questions?
Or browse the Forums