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Business & farm
In your situation, TurboTax will pick up what it needs from your box 14 entry for self-employment income. You won't need to enter it on those "We need some information about your 199A income or loss" and "Let's check for some uncommon adjustments" screens.
You will need to enter the W-2 wages and Unadjusted Basis of Assets ("UBIA") on those two screens. These amounts don't have a corresponding "box" on the K-1; you only get those amounts reported to you on that Section 199A Statement that comes when you have a box 20 code Z on your K-1.
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‎July 14, 2020
12:00 PM