Get your taxes done using TurboTax
Enter IRS form K-1 (1065) information at the screen Enter Box 20 info,
- Select code Z Section 199A information. Do not enter a value to the right.
- Click Continue.
- At the screen We need some information about your 199A income, you will likely enter the following information:
- Ordinary business income (loss) from this business, and/or
- Rental income (loss).
Enter these values for the Qualified Business Income Deduction to be calculated.
Some preparers of the K-1 form will include the Section 199A information on a separate statement called a Statement A.
It is possible that additional information may need to be entered. Click the box to the left to open up entry boxes.
