DavidS127
Expert Alumni

Get your taxes done using TurboTax

Enter the code Z when you enter the K-1 box 20 screen, but you don't need to enter an amount on that screen.  Continue on, and you'll eventually find the screen  "We need some more information about your 199A income or loss".  When you check the box next to a category on that screen, a place will open up to enter the amounts from the Statement or STMT that came with your K-1.  The applicable category (or categories) on this screen (and the following "Let's check for some uncommon adjustments" screen, if applicable) must be completed in order for your K-1 QBI information to be correctly input into TurboTax. 

 

Before you make that entry, you must determine if your Section 199A information is from your "main" partnership or was passed through to your "main" partnership from another entity.  If the Section 199A amounts were passed through to your "main" partnership from another PTP, you'll need to enter a second K-1 for that main partnership with only the "passthough" PTP amounts.

 

When you enter that second K-1, look for the "Is the business that generated the Section 199-A income a separate business owned by the partnership?" screen where you indicate that whether the Section 199-A income was passed through to the partnership sending you the K-1 by another partnership, S-Corp, or trust; versus being generated by the business operations of the partnership that sent you the K-1When you indicate the QBI comes from another business, you'll get additional questions, including whether the pass-through entity is a PTP, and on the next screen the name and EIN of the business that passed through the income to the partnership that sent you the K-1.

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