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Business & farm
The instructions for Form 1065 state "Partnerships should use Statement A—QBI Pass-Through Entity Reporting, later, or a substantially similar statement, to report information for each partner’s distributive share from each trade or business, including QBI items, W-2 wages, UBIA of qualified property, qualified PTP items, and qualified REIT dividends by attaching the completed statement(s) to each partner’s Schedule K-1."
Currently, Statement A is populating with 100% of each partner's share of QBI items in column 1. I cannot figure out how to get Statement A to split each partner's share of QBI items between the Trade or Business 1 and Trade or Business 2 columns.
January 25, 2024
10:35 AM