Irene2805
Expert Alumni

Get your taxes done using TurboTax

No - Don't add them together.  You should check with the business that issued the K-1 to see what they mean with the two columns,

 

It sounds as if the column 1065, Line 22 is the total for the partnership and the second column, [name of your operation], is your share.

 

If this is the case, use the figures from the column with the name of your operation.

 

As you go through the interview for the K-1:

  1. After entering figures for box 20 of the K-1, you will come to a screen, We need some information about your 199A income.  [See screenshot below.]
  2. Mark the appropriate boxes (business income, UBIA, etc.) and enter the numbers in the box that appears.

 

@foobarred1