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how to let TT not use QBI duduction on schedule K-1 (Form 1065) income?
I received K-1 form and there is $600 rental income and $1,939 qualified property.
In box20, it has code Z and Code AH, but the amount of Z and AH were marked as 'STMT'. I don't not what it means, and TT doesn't allow me enter 'STMT' and a number is required.
I also received "Partner's Section 199A Information Worksheet" for Code Z.
I was told by the CPA who prepared for this K-1 form that these rental real estate income won't be eligible for QBI deduction for 2019.
So when I entered $2,539 ($600 + $1,939) for Code Z in TT, it automatically applied 20% deduction for me, so that I need to enter $0 for Code Z in TT in order not to let TT use QBI deduction?
BTW, should I enter the value of Code AH $1,083 ($237 + $72 +$1 +$1 +$772) in TT?
‎February 27, 2020
11:04 AM