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How do I tell Turbotax Online which business activities below together?
After entering in my K1s from publicly traded companies (PTPs), Turbotax indicates in a Note: Don't worry, we'll handle the details of treating separate activities as an aggregated business. You just have to tell us which activities belong together.
Where do we do that? I have many energy pipeline companies which give me separate K1s. Should I indicate to Turbotax that these are all related (energy pipeline PTPs) to see if I get a larger qualified business income (QBI) deduction?
Thanks!
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‎April 4, 2021
7:37 AM