I spoke to someone in the tax department of the MLP I previously owned, and he told me that at least for the MLP I owned 100% of the 199A income reported in Box 20Z listed on my supplemental statement (STSM) attached to the K-1 was attributed to PTP Qualified income and no adjustments are needed.
He said the the other amounts listed on the K-1 are not directly associated with the 199A income therefore no adjustment are needed and ONLY enter this amount into line 28 of Form 8995A.
Therefore, this is the only amount I entered.
Thanks for the follow-up
L
