ThomasM125
Expert Alumni

Business & farm

You would enter the amount reported in the statement for qualified business income (QBI) for your rental income or loss. It would often be the same amount as entered in box 2 on your K-1 schedule Net Rental Real Estate Income, but could also be in box 3 Other Net Rental Income.

 

After you enter the code Z entry, you will see another entry for the section 1231 gain amount, when you see the screen that says We need some information about your 199A income.

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