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Get your taxes done using TurboTax
Hi @AliciaP1 ,
Thank you. Suppose I have -108 Net rental real estate income (loss) (box 2) on the main K-1 form and I have on the Statement A—QBI Pass-through Entity Reporting (Schedule K-1, Box 20, Code Z), -130 in Rental income (loss) line for Entity A and -63 in Rental income (loss) line for Entity B. First time I fill with box 2 info, I report the -130 for entity A. Then when I add another K-1, to add the info about Entity B, what should I put in box 2? Leave it blank?
April 6, 2023
11:45 AM