TODAY 2/29 2020 TURBOTAX -- When I enter "Z -199a " same as you the ordinary business amount
Do not enter any AA or AB , these all have different names in them now Not related 199
AA section 704 information
AB section 751 gain
Just proceed to the next section, after a couple of selection ( requirement and self-employment) you will get prompt for " we see you have section 199A"
* The income comes from the Partnership that generated K1
- The income comes from another business
Select K 1 and you will get another screen and you can enter everything is in your QBI statement A
Sellect Various income/logss UBI income here
( Watch the Federal Tax Due Godown at the Top !! Success. If the tax due did not go down, you may have entered the Code Z wrong, go back and verify. What is the point of 199A if you are not getting some money back for all your hard work on your small business 🙂 You deserver it, spend another hour and you will figure it out. )
Hope this helps
SPM
