I followed the instructions and I got the page that states
We need some more information about your 199A income or loss
I am using TurboTax online.
I have 5 passthrough LLCs on my statement and each have the following:
Rental Income (loss)
W-2 Wages
Unadjusted Basis of Assets
1. Do I add up all 5 Passthrough LLCs' Rental Income (loss) and report it all on 1 line?
2. Do I add up all 5 Passthrough LLCs W-2 Wages and report it all on 1 line?
3. There is not an item description that states, "Unadjusted Basis of Assets" The closest heading is: "ABC 123 LLC HAS UBIA of qualified property" Is this the same thing? Do I add up all 5 Passthrough LLCs Unadjusted Basis of Assets and report it all on 1 line?
Please kindly advise.
