When TT reviews my return, it says to complete "Z Section 199A income Information." When I was preparing Wages and Income, I entered the amounts on Schedule K-1 (1065 Form) that I received from Energy Transfer LP. I revisited and checked the entries multiple times to make sure I entered the amounts in the correct boxes. But I cannot pass the Turbo Tax Online review. I am not sure what is wrong and how to correct the problem if there is any issue at all.
I appreciate any help
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It sounds similar to an issue I was having with Box 13 on my K-1s.
Enter IRS form K-1 (1065) information at the screen Enter Box 20 info,
Enter these values for the Qualified Business Income Deduction to be calculated.
Some preparers of the K-1 form will include the Section 199A information on a separate statement called a Statement A.
It is possible that additional information may need to be entered. Click the box to the left to open up entry boxes.
When I do that I am able to put in rental income and other income on that page because there are boxes that can be checked for those but...
I am NOT able to fill in the "UNADJUSTED BASIS OF ASSETS" . Is that not needed even though it shows up on my.Box 20 section Z information on my K1? Or is this an error on the part of Turbo Tax that they forgot to include that option? Or is there a place to put that somewhere else?
I've looked all over the forms and can't find any info on this so any help would be very appreciated!
UBIA or Unadjusted basis of assets may be entered at the screen We need some information about your 199A income.
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