Hi,
I'm using TurboTax desktop. How do I report Schedule K-1, Form 1041 Statement A (Section 199A) ordinary business income if my Statement A has more than one business listed as paying ordinary business income? The TurboTax form only provides me with the option to attribute the income to one business/employer ID. For example, Entity Y reported some amount of income for me, and Entity Z reported their own amount of income for me. They're both reported on the same Statement A of the K-1. However, I can't specify more than one business as the income source, and if I add the amounts together but only attribute them to one of the businesses, I'm worried I'll be misreporting. Any advice here would be appreciated.
Separately, I'm not familiar with QBI and I think this is the first time it may apply to me. Seeing the number entered for ordinary business income on this K-1 change the amount of my return is making me a little wary. I feel confident I'm reporting the information accurately per my K-1, so if my K-1 is accurate then I think I'm doing this right. Is there anything else I should check to be sure I don't misreport this?
Thanks very much for your help.
