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Business & farm
When you report Box 20 in the K-1, pick Z from the drop down and press continue. A series of questions will follow such as is your investment at risk and so on and so forth.
Then a screen will appear that will ask additional information that is listed in a supplemental disclosure form that accompanied your k-1. Reporting this information will determine your QBI deduction.
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‎April 3, 2024
4:29 PM