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How to fill "We need some information about your 199A income" when you did not get a "Statement A" with your Schedule K-1

Hi all,

 

I received a Schedule K-1 with the usual Ordinary business income in Box 1:  

 

2020-07-12_19-46-16.jpg

 

and with Section 199A income in Box 20, Code "Z":

 
 

2020-07-12_19-24-18.jpg

 

After entering the K-1 info, Turbotax says  "We need some information about your 199A income" and "You should have received a Statement A with your Schedule K-1".

 

I did not receive a "Statement A" in my Schedule K-1.  Instead, there was a page inside Schedule K-1 titled "Section 199A Information" and stating "THE PARTNERSHIP IS CONSIDERED A RELEVANT PASSTHROUGH ENTITY. THE FOLLOWING AMOUNTS REPRESENT YOUR SHARE OF SECTION 199A ITEMS":

 

2020-07-12_19-36-33.jpg

 

Based on the information here, is this the right way to answer Turbotax? I am confused because the wording in the Turbotax question about 199A income refers once again to "ordinary business income", which is, of course, already provided in Box 1 (425). But that's different from the amount shown in "Section 199A Information", which simply repeats the Box 20Z info (450). i would appreciate any help. Here is my best guess, and I am also not entirely sure about Wages and UBIA, so all help appreciated:

 

2020-07-12_19-02-16.jpg

 

Thanks in advance!

Gary

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1 Best answer

Accepted Solutions
DavidS127
Expert Alumni

How to fill "We need some information about your 199A income" when you did not get a "Statement A" with your Schedule K-1

You have entered your Section 199A information correctly.  The Statement A in your case is the name the K-1 preparer (software) uses for the Section 199A Statement.

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1 Reply
DavidS127
Expert Alumni

How to fill "We need some information about your 199A income" when you did not get a "Statement A" with your Schedule K-1

You have entered your Section 199A information correctly.  The Statement A in your case is the name the K-1 preparer (software) uses for the Section 199A Statement.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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