I beg your pardon if this has been asked before. My K-1 comes from only one partnership.
My K-1 has a number in box 2 and box 3 so I have input two K-1's that you can see on the K-1 Summary page. Some other boxes have numbers but they are small.
Box 20 has a Z and STMT. On the statement for box 20, I have three separate numbers. The first number matches the number in box 2 and the second number matches the number in box 3. I also have a third number (that is not found anywhere else) with the description Section 199A unadjusted basis.
My big question is do I input 2 or 3 separate K-1's? I think that in my first K-1, I input box 2 and the other boxes from 4 up. When I get to Enter Box 20 Info, I select Code Z and leave the amount blank. When I get to "We need some information about your 199A income", I input the number on the STMT (that matches box 2). Do I input the number on the STMT that matches box 3 or do I input that number on the second K-1 where I input the box 3 number and nothing else? Does it matter which K-1 I input the UBIA number? First K-1 is fine or do I create a third K-1 just for the UBIA number?
