- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Follow these directions to report 199A income from your partnership K-1.
- At the screen Enter Box 20 info, you likely need to select code Z Section 199A information. I have seen comments that the Amount does not have to be entered but I enter the Box 1 or Box 2 number if a value is not provided.
- Click Continue.
- At the screen We need some information about your 199A income, you will likely need to enter the following information:
- Rental income (loss) from this business,
- W-2 wages for this business, and
- UBI of qualified property for this business.
Enter these values for the qualified business income deduction to be calculated.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 21, 2021
9:45 AM