Rent - Location A: Rental Income (Loss) $100, Unadjusted Basis of Assets $1000
Rent - Location B: Rental Income (Loss) $200, Unadjusted Basis of Assets $2000
Rent - Location C: Rental Income (Loss) $300, Unadjusted Basis of Assets $3000
Rent - Location D: Rental Income (Loss) $400, Unadjusted Basis of Assets $4000
Rent - Location E: Rental Income (Loss) $500, Unadjusted Basis of Assets $5000
Rent - Unallocated Expenses: Rental Income (loss) $-2500
in the desktop version, there is section D! towards the bottom of the k-1 form
check the aggregate box
total above = -1000 enter on ordinary income line (this matches line 2 which it should)
on the line that has UBIA of Qualified property enter the total = $15,000
TT figures QBI deduction from your entries but you won't get any this year because of the loss on line 2.
form 8995A will be generated which is where the QBI is calclated.
