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Get your taxes done using TurboTax
Each column on your Statement A represents an activity of the partnership. In the screenshot posted below, there are two activities--one for the general partnership and another for farming. Is yours similar?
Did you prepare the 1065 for the partnership? Is there more than one activity that the partnership is engaged in? That would explain the two columns.
Regardless, add the two columns together when entering the 199A information. Together they represent the income, etc. that is shown on the K-1 itself.
‎February 25, 2021
11:13 AM