DavidS127
Expert Alumni

Business & farm

Enter the code Z when you enter the K-1 box 20 screen, but you don't need to enter an amount.  Continue on, and you'll find the  "We need some information about your 199A income or loss" screen.  The last line on that screen, ".....has UBIA of qualified property" is the the one you select for the unadjusted basis of assets number you are trying to enter.

 

UBIA is an acronym for Unadjusted Basis Immediately After Acquisition.

 

Here is the screen you need, and the last line is the one you need to check for the unadjusted basis of assets:

@Jay70 

[Edited 5/12/20|4:38pm PST]

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