turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

K-1 Box 20 Section 199A Income

I have Box 20 on Schedule K-1 with Z *STMT.  I see that I enter nothing in on the  Box 20 Info and then fill out the "We need some information about your 199A income".  No problem entering the ordinary income, but I don't see how I enter the short term capital gain.  There is a line for 1231 gain, but I think this is for a long term capital gain.

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Anonymous
Not applicable

K-1 Box 20 Section 199A Income

are you sure the stcg is an 199A item.  this would be contrary to the code section and regs. 

from 199A

 The following items shall not be taken into account as a qualified item of income, gain, deduction, or loss:
(i)Any item of short-term capital gain, short-term capital loss, long-term capital gain, or long-term capital loss.

View solution in original post

1 Reply
Anonymous
Not applicable

K-1 Box 20 Section 199A Income

are you sure the stcg is an 199A item.  this would be contrary to the code section and regs. 

from 199A

 The following items shall not be taken into account as a qualified item of income, gain, deduction, or loss:
(i)Any item of short-term capital gain, short-term capital loss, long-term capital gain, or long-term capital loss.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies