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Thanks Mike, so just to confirm, if I have only business income (#1 in your reply) and no wages (#2) and no UBIA (#3) then the amount should be the entirety of #1?

 

If yes, that seems to make sense since then #1 is reduced by other things like SE, retirement, etc. on the 1040 (after the recipient enters the entirety of #1 from K-1).