Unadjusted Basis of Assets v. UBIA of Qualified Property

I was reported an "Unadjusted Basis of Assets" for Section 199A in a K-1 (real estate)

Is this the same as "UBIA of Qualified Property" and should I enter that amount in that section of TurboTax?

Thank you.

Best answer by JamesG1

UBIA is the same as 'unadjusted basis of assets'. This figure is routinely used in the calculation for the Qualified Business Income Deduction.

Level 15

UBIA is the same as 'unadjusted basis of assets'. This figure is routinely used in the calculation for the Qualified Business Income Deduction.

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Level 2

Might this just be listed as "Unadjusted Basis"?

Level 8

Same thing. Would typically be recorded in Box 20 Code Z of the K-1.

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