DavidS127
Expert Alumni

Get your taxes done using TurboTax

The K-1 entry has changed since 2018.  For 2019, when you enter your K-1 into TurboTax, on the screen with box 14 you enter your code I and code Z, but you don't need to enter any amounts on that screen.  Continue on through the interview, and after a couple of screens asking about your qualified business income, you'll come to the screen "We need some information about your 199A income or loss(see screenshot later in this post).

 

Your Section 199A Statement amounts will go on that screen.  When you select a line on that screen, the boxes will "open up" to enter both your Section 199A amounts.  Note that the "Unadjusted basis" number you have goes on the UBIA of qualified property line.

 

To get back to the K-1 summary screen and find the Schedule K-1 to edit, click the "magnifying glass Search" icon on the top row, enter "k-1" in the search window and press return or enter, and then click on the "Jump to k-1" link to find the K-1 you need to edit.

 

Here is the screenshot for the "We need some information about your 199A income or loss" screen where you enter the information from your K-1:

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