Thanks DianeC958.
Is it normal (okay?) to manually update Ordinary Business Income and W-2 Wages (from K-1, Box 20) on the K-1 Form in TurboTax Home & Business?
Background:
Although I entered 3 numbers from my K-1 box 20, I noticed in "Forms" that the only number from Box 20 that was coming through in Section D1 was Code AB, UBIA. No 20% deduction was being calculated or applied. code Z, Ordinary Business Income and code AA, W-2 Wages were not flowing through to the Form.
After manually entering the Ordinary Business Income and W-2 Wages in Section D1 on the K-1 Form, a Schedule E was automatically created and the 20% deduction was applied.
