Question on 1065 K-1

[slewis501948]

I have a -391 on supplemental information from 1065 K-1 , which is under Other Information and says it is an amount for section 199A PTP Income.  This is not on Part III of K-1.  What do I do, if anything with that amount on taxes?

[IreneS]

You can enter that figure on line 20 of the K-1 entry screen, with code AD.

1. Click on Federal Taxes > Wages & Income > I’ll choose what I work on].
2. Under Business Items   click on the box next to Schedule K-1. 
3. On the Tell Us About Your Schedules K-1 screen.  Click on the Start/Update box next to Partnership/LLCs (Form 1065). 
4. If you have already entered K-1 information or it transferred from last year, you will see the Partnership/LLC K-1 Summary screen.  Click the Add another K-1 box.
5. If you haven't yet entered the K-1, continue through the screens, entering the requested information.