My husband & I are the only members of our LLC - S-Corp. 50/50 split. Our CPA prepared K-1's reflect this split. We have one statement 199A that shows the total loss of the S-Corp.
I thought I have always input the total 199A amount in for each of us, and it split it correctly on for 8995 showing one line for each of us, 50% of the total.
This year it still has the two lines, but shows the total loss on each line - not the 50/50 split.
Why is my STMT 199A loss showing double this year on form 8995?
I can split the amount on the input, but I thought the amount on 199A for us both had to be input exactly as the form shows.
Thank you!
