Yes, this is from one K-1. However, there are 3 separate businesses (each with a different tax ID) listed on this one K-1. All are businesses owned and operated by this Partnership. Each have amounts for Income (loss), W-2 and UBI. The software only allows entry of one Code Z per K-1 but the 8995 tax form allows for multiple entries. The software should be enhanced to allow for multiple Code Z entries here. I was able to get around this by adding two additional K-1 forms with only the Line 20 Code Z information. But, this does not feel right and I'm not confident that this is correct. I have not printed the forms yet to check.
