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Get your taxes done using TurboTax
Yes, you can adjust the allocation of UBIA by manually entering the desired amounts on the individual copies of Statement A with each K-1.
You can do this using Forms Mode in TurboTax Business
- Open your return and click the Forms icon in the TurboTax header.
- In the list of Forms in My Return on the left, scroll down and look for Statement A under each Schedule K-1.
- Click the form name to open it in the large window.
- On the UBIA line, the allocated amount from Form 1065 Line 22 is in a blue font. This means it can be changed with a direct entry.
- Enter the amount for this partner.
- Repeat Steps 2-5 for all other partners.
- Click Step-by-Step in the header to return to the main screens.
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March 3, 2025
2:16 PM
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