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Get your taxes done using TurboTax
I have questions about your response to @naviator2003;s question 3. I too have Section 199A PTP income in box 20Z and Section 199A PTP Section 751 Income from the gain subject to recapture as ordinary income (i.e., the "Ordinary Gain") from my partial sale of my MLP holding. TT appears to handle the box 20Z number (-2513) correctly. However, the 11,566 ordinary gain from box 20AB and the Sales Schedule does not show up in the QBI calculations. You told @naviator to put the box 20Z number on the business income/loss line and to put the Ordinary Gain on both the "Other Income" line and the "How Much of the Income Above is Ordinary Income Reported on Form 4797" Line. I can't find this interview screen. Please tell me how to find it.
‎April 12, 2022
1:01 PM