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State tax filing
If there is just one K-1 that includes both rental properties, add the total of the two figures for "unadjusted basis of assets"
The rental loss should also be entered on the 199A details screen. [See screenshot below.] This entry only affects the calculation of the Qualified Business Income Deduction and does not affect the calculations in the rest of the return.
March 15, 2021
10:46 AM