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Get your taxes done using TurboTax
I'm also not understanding this part
Some other things. Look at lines 20Z1. That number should be added to the ordinary income above for reporting the 199A (qualified business income from the PTP). You don’t have to enter this but then you lose out on a tax deduction = 20% of this amount.
I'll gladly take a deduction, can you point to what I should be looking for? I don't see a box 20 with a code of Z? If that's what you're referincing?
Appreciate the help!
March 29, 2022
8:19 PM