zapyoo
Returning Member

Get your taxes done using TurboTax

Thank you very much for taking the time to help.  Responding to your comments:

2)  I don't know how to determine which countries apply to which income.  I suppose that the most likely is that they both apply to the ordinary business income part.  I get that I need to create a 3rd K-1 to reflect the 2nd country, but do I duplicate the Part III income, expenses, etc.?  This would seem to be overstating my income (or loss).  

 

3)  TT asks "Is the business that generated the Section 199A income a separate business owned by the partnership?"  The help box says that "if the income reported is from a separate business, you would generally receive... some additional paperwork detailing who generated the income and what category it belongs in."  My K-1 provided the following.    My reading of it is:

a) This is my share at a partner level

b) There are two entities (with different EINs) that contributed to my share

c) I need to list each one - Mozart and Capfinancial to document my Section 199A share

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4)  I tried to edit the Gross Income sourced at the partner level and TT will not let me -- it's the first thing that I tried.   I will add a 3rd K-1 schedule and see if this sorts out the problem as you suggest.  

 

If this does not work, is this something that paying $60 for Tax Guidance will help me with?    Thanks again.  

Phil