- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
You have to enter 2 K-1s (one for each FEIN), so when you come to that question you'd select "income comes from partnership that generated this K-1" for each of them. That's because the 20Z/199A info reported for that FEIN did come from it.
The other option is meant to make sure you don't lump together 199A income from multiple businesses.
**Say "Thanks" by clicking the thumb icon in a post
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
‎April 25, 2021
12:44 PM