JamesG1
Expert Alumni

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.

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