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Returning Member
posted Oct 14, 2022 12:30:12 PM

K-1, 199A income, code z says STMT but no #. Stmt. A on QBI RPT shows neg # for inc.; but TT does not accept neg #'s. Do have positive UBIA of qualified property. What number should I enter for z amt?

0 3 415
3 Replies
Level 15
Oct 14, 2022 12:45:19 PM
Level 15
Oct 14, 2022 5:12:00 PM

line 20z goes nowhere/ there should be questions later on about the 199A numbers. a loss should be accepted. if not contact suppport. 

Returning Member
Oct 14, 2022 6:09:58 PM

Regarding K-1, 199A info, code Z number requirement: Statement A on QBI Pass-through Entity Rprt correctly shows rental income losses for two separate properties owned by one LLC partnership with one Ein. When entered as a number answer to code Z, TT does not accept the losses either as a single negative sum or as an aggregate negative sum when listed separately. (Both sums, of course are identical whether I or TT enter the calculation.) Am I doing something wrong on the description line or am I just entering the incorrect Z information?