K-1 Pass-through Entity

tanuj01 · ‎August 30, 2022

I have a schedule K-1 partnership which consists multiple underlying pass-through entities.

Under Box 20, code Z - section 199A information, there are multiple entities listed - some have the same EIN and others are different.

Question: when answering questions in the desktop version of TT for ordinary business income, rental real estate income, W2 wages, qualified property etc, should I enter only the summary amount across all entities for each category, or should I specify each passthrough EIN separately and enter their individual amounts separately?

tagteam · ‎August 30, 2022

I would separate them by EIN.

View solution in original post

markmartian · ‎September 15, 2022

If you don't break out each pass-through entity into a new Turbotax K-1 entry, and just add up all the pass-through entity figures to reach a total for each category, how does that effect the Ttax calculation of the section199A deduction? What is the rationale of splitting it up? What is the flow of the calculation? Why is it necessary to create a new Ttax entity for each pass-through ein, and how will it throw off the result? Curious. Thanks.

tanuj01 · ‎August 2, 2023

Follow on question. For the desktop 2022 TT H&B version, I enter the data for the first EIN but I have data for 3 more EINs to enter and don't see the option to add more than the first.

marklos · ‎September 29, 2023

I have the same problem. How do you add multiple pass-through entities?

K-1 Pass-through Entity

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