Yes, Section 199A info.
My K-1 has Z* in box 20, leading to a page that lists amounts under the QBI or Qualified PTP items for
- Net rental real estate income (loss)
- Section 1231 gain (loss).
It also lists an amount for Qualified property.
I left Box 20 for Z-Section 199A blank, then entered the corresponding (I think) amounts in the screen for We need some information about your 199A income:
Put the amount for Net rental real estate income (loss) into Rental income (loss)
Put the amount for 1231 gain (loss) into Section 1231 gain (loss)
Put the amount for Qualified Property into UBIA of qualified property
At review, I am prompted to enter my QBI Passive Op Loss. This is the value I'm not sure of. 0 is accepted; the net rental real estate income (loss) is not accepted.
