All of this relates to Section 199A Information Box 20 Code Z details provided in my K1 Statement. This section says Passthrough - JMK MF Opportunities II LP with their EIN number. This entity is different from the K1 Partnership Name. I have added this Passthrough information into the appropriate section in Turbo Tax. Along with this Passthrough entity is the following information and need to ensure I am entering it in the correct spot in Turbo Tax.
Need to understand where I record the following line items:
-Rental Income/Loss - $xx (This is the same amount as I included in Box 2 Net real estate income)
-W2 Wages - - (I included this amount in the Other Deductions under the section for the Income coming from another business(JMK MF Opportunities II LP)
-Unadjusted Basis of Assets - 229,924 - What do I do with this amount?
Thanks in advance for your help.
