Thanks for the follow-up. I guess in my case my “supplemental statement" would be equalivant to a "Statement A".
However that said , The information on the supplemental statement which further explains the STMT items in Box 20 really do not pertain to the questions TT is asking. My supplemental statement has the following:
V1 Unrelated business income --only applicable to tax exempt entities,
Z-199A income,
AB Section 751 gain- this is alsa reported on my sales schedule and represents my ordinary income.
AE excess taxable income, and
AH gross profits- only applicable to tax exempt entities
Yet after after I enter all my information from my K-1 and get to the next Turbotax screen “ We see you have section 199A income, is the business that generated the 199A income a separate business owned by the partnership” ?
TT gives you 3 options and you MUST pick one:
- The income comes from a partnership
- The income comes from another business
- The only source of income is from section 199A dividends/reit dividends.
After I clicked #1, I get another screen and TT asks for additional information pertaining to the below categories and TT says this information should be found on "Statement A" which came with your K-1. The following categories are:
- Business income (Ordinary Income-Box 1 of my K-1, other income (loss)-Box 11 of my K-1, and other categories that are n/a total ordinary from 4797, rental, royalty
- 1231 gain/loss-Box 10 of my k-1
- 179 deductions
- Other deductions-investment expense Box 13H-of my K-1
As you can see none of this information is on my supplemental document, but rather its all on my K-1. Furthermore, I have already previously entered this information in TT when it asked me to enter information from each block of my K-1. Therefore, I am uncertain if TT wants me to fill out this information again or if I am missing something.
