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Statement A for Section 199a income doesn't include net rental real estate income
I have a K1 that only has net rental real estate income BUT has Box 20, Z checked. I do have the Statement A with my K1 and it lists that income as net rental real estate income. However, when I enter the K1 into TT along with Box 20, Z information, it asks me to enter the type of income but doesn't include net real estate income as an option.
When I click on "Why do I need to enter something here?", it shows I should be able to choose net real estate income.
What TT says I can enter (note net real estate income is missing)
My statement A from my K1
Topics:
‎April 1, 2024
5:53 PM