Get your taxes done using TurboTax

SwapnaM · ‎September 27, 2023

@jasonadodson Thanks for follow up questions!

1) same address as the main K1

2)You should not duplicate any of the entries, accept for the name, address and federal ID number on the K-1's. In the 2nd K1, do not enter the Box 2 amount again. Only Box 20 needs to be checked & entered. If the explanation statement for Code Z, shows entries for main K1 then enter them in the main K1 only. If it is related to the pass through, then enter in the 2nd K1. If the statement shows the allocation between them, then enter it accordingly.

3)In the follow up questions for 199A income, check the box for W-2 wages & you can enter the amount in the box. image (3).png

4))UBIA of qualified property is where you enter the unadjusted basis of asset

Please give us a call (800) 446-8848. or call TurboTax through Live help after signing into TurboTax Online. The experts can see your screen & provide assistance.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"