Hi,
Does it make sense that I should enter "Ordinary business income (loss)" twice in TT for form K-1?
Here are the details:
2024 Form K-1 from a master limited partnership provided data for many of the boxes on the form. There is also supplemental information for many boxes; Box 20 supplemental was:
20Z | Section 199A Publicly Traded Partnership (PTP) Income | (a loss amount)
I entered the above using Step-by-Step on the "Enter Box 20 Info" screen, Code "Z - Section 199A information".
Later in the Step-by-Step, TT tells me because I entered a code Z for Box 20, "We need some information About your 199A Income". Of the options presented by TT, the only one I see that makes sense is "Ordinary business income (loss)", but I already entered that earlier in the Step-by-Step.
Does it make sense that I should enter "Ordinary business income (loss)" twice in TT for form K-1?
