Irene2805
Expert Alumni

Business & farm

After entering the information for Box 20, after a few screens you will see We see you have Section 199A income:

  • If "Passthrough -  NAME OF LLC"  is the same name as on the -1, mark the first radio button (The income comes from the partnersip that generates the K-1).  Click Continue.
  • If "Passthrough -  NAME OF LLC" is a different company, mark the second radio button (This incomes from another business.)  Enter the information for the second busdiness.

 

On the next screen, We need some information about your 199A income, mark the boxes for the type of income the partnership has (rental income, Unadjusted Basis of Asset) and enter it in the boxes that appear.  [See screenshot, below.]