ThomasM125
Expert Alumni

Business & farm

Most likely, you have a loss reported in box 1 (business income) on your K-1 schedule, and income reported in box 2 (rental income.) If so, the 199A entries are reporting the respective qualified business income (QBI) components of those entries. 

 

You will need to enter the K-1 forms twice, one for the ordinary income/loss and one for the rental. Then, you can enter each section 199A amount separately.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post