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Get your taxes done using TurboTax
So, the 2019 K-1 has different codes - just a code Z with two numbers - the rental loss and the unadjusted basis of assets. No longer code AB. There are options in TT for Code Z including Ordinary Business Income / Loss and UBIA of qualified property. I'm still researching UBIA, but does the Unadjusted basis go here? I received no K-1 instructions.
March 24, 2020
5:04 PM