Multiple Qualified Business Income (QBI) entities reported on a single K-1 require that a separate K-1 be entered for each entity reporting QBI (Section 199A amounts). For each K-1, the Section 199A amounts associated with your Box 20 code Z are entered on the "We need some information about your 199A income or loss" and "Let's check for some uncommon adjustments" screens that follow (several screens after) the last "box" screen.
Because your K-1 is reporting Section 199A information generated by the partnership and Section 199A information generated by at least one additional "passthrough" entity, you'll need to enter separate K-1s for entry into TurboTax. Enter one K-1 with only the "box" amounts generated by the partnership, and an additional K-1(s) with only the "box" amounts generated by each separate passthrough entity.
Because your K-1 is reporting Section 199A information generated by the estate/trust and Section 199A information generated by at least one additional "passthrough" entity, you'll need to "split" this K-1 into separate K-1s for entry into TurboTax. Enter one K-1 with only the amounts generated by the partnership, and an additional K-1(s) with only the "box" amounts generated by each separate passthrough entity.
The Section 199A Statement you received for box 20 code I should already show the Section 199A amounts between the entities, so you enter the Section 199A amounts for each entity on the K-1 you've created for that entity.
Note that when you enter each K-1, you'll encounter the question "Does the Section 199A income (from Box 20) include business income from a business held by the partnership?". When you answer Yes, TurboTax will ask for the name and EIN of each pass-through entity.
After this, you'll get the "We need some information about your 199A income or loss" and "Let's check for some uncommon adjustments" screens to enter the amounts from the Section 199A Statement that came with your K-1.
Thank you for the opportunity to answer your questions @mlemaire87
All the best,
Marc T.
TurboTax Live Tax Expert
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