Andrew_W
Employee Tax Expert

Get your taxes done using TurboTax

Per IRS regulations and the Internal Revenue Code"A PTP is not required to determine or report W-2 wages or the UBIA of qualified property attributable to trades or businesses it is engaged in directly."

Due to this, the UBIA is not applicable and TurboTax does not ask for it in this workflow if the partnership is a Publicly Traded Partnership (PTP).

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