I'm a little confused as to exactly what "Statement A" refers to when TT asks for additional information regarding the 199A income I entered since my tax packet from my MLP does not include anything designated as "Statement A" yet does report 199A income.
In 2020 I sold my shares of the MLP owned due to the complexity of reporting the K-1 despite being able to import K-1 txf file directly into TT. This year everything was imported as it should, and it even imported the 20Z code as a place holder, but the actual number was missing; however, my the tax package specifically forewarned me that this block would not be imported.
I then manually entered the amount listed on my K-1 which was designated 20Z1: $194., into TurboTax, but then TT requests additional information regarding this income and tells me to refer to "Statement A" which should be included with my tax package.
My tax packet does include a bunch of information, but none of the documents are specifically designated "Statement A". Therefore, its unclear if "Statement A" is also referred to as something else, but if so I was unable to locate that information anywhere.
My tax package includes a letter from MLP which basically explains that TCJA provides new deductions for PTP including 199A-Qualified income located on Line 20Z of K-1 and also informs me that additional information regarding tax changes and changes in K-1 reporting are included on "List of Contents and Additional Instructions". However, I do not think the "List of Contents and Additional Instructions" document is "statement A" since it simply explains what is included in each line on the K-1 and where it should be entered on the tax forms. Moreover, it does not specifically discuss what information from the K-1 should be included on the 199A work sheet.
My tax package also includes a "Supplemental Schedule" which follows the K-1 but this simply includes items in box 20 (V1: Unrelated business income for tax exempt entities, Z-199A income, AB Section 751 gain, AE excess taxable income, AH gross profits) none of which are possible entries listed under the 199A income on TT (the ones that may be applicable in my case are: Ordinary Income-Box 1, other income (loss)-Box 11, 1231 gain/loss-Box 10, other deductions-investment expense Box 13H) and this information is on my K-1 and not on "Statement A".
My tax package does include another document entitled "Reported amounts applicable to carryovers" which lists various amounts for Sec 163j-excess business expense, passive activity carryover and also has a section for 199A PTP Income/loss however this amount listed for 199 PTP Income/Loss for 2018-2020 simply reflect the exact amounts included as Ordinary Income in box 1 of my K-1, and only 2020 shows an amount listed for 199A PTP Section 751 Income which is merely my Ordinary Income associated with the sale of the MLP.
Therefore, can someone please clarify what "Statement A" is and where I can find it, or tell me if I can just enter the amounts listed on my K-1 when TT asks "We need some more information regarding you 199A income"??
Thanks so much
