PatriciaV
Expert Alumni

Business & farm

Please return to the K-1 entry screen and work through the interview to Box 20. Delete the number you entered in the amount box. Continue until you are asked about Section 199A Income. Check the appropriate box for the detail reported to you on Statement A, then enter the amount in that box for that income(loss). See screenshot below (click to enlarge).

 

Note that Section 1231 gain(loss) was checked on the 199A page, but there was no amount. If this is where the <30,399> should go, enter that amount for this line. But if this was an ordinary business loss, you need to check the first box, enter the amount, and uncheck the box for Sec 1231.

 

 

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