PTP K-1 income is posting to Schedule E p2 as expected but also to Schedule D

I must be missing something since PTP K-1 Box 1 Ordinary Business Income is flowing to Schedule E p.2 as expected but it is also flowing to Schedule D, not as expected. (Income would be double taxed).

Perhaps related (or not) when entering the K-1 all is well until Box 20Z which indicates an error (red entry cell) when the K-1 amount is entered.

Any ideas of things to check?

299

Level 15

Mar 19, 2023 10:53:29 PM

we can't see what you entered but are their amount on any other line of the k-1 other than 1 and 20

capital gains would show on the k-1 on lines 8, 9a, 9b, 10 and maybe 11

20z is the qualified business income which should match line 1. this gets entered when you get to the qualified business income section for the k-1. if done correctly this flows to form 8995 where the QBI deduction is computed and that flows to the 1040 line 13

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PTP K-1 income is posting to Schedule E p2 as expected but also to Schedule D