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Schedule K-1, Section 199A, Box 20, Code Z with Multiple Properties and Passthrough Entity
I am invested in the RE syndication fund. My K1 includes Section 199A information with descriptions of 10 properties in 5 different states. All properties show "Rental Income" and "Unadjusted Basis of Assets". There is also a Passthrough Property listed with a separate EIN.
How should I enter all of these 10 properties? When I go through the question screen for "information about your 199A income", I am only prompted to provide data on 1 property (xxx has business income(loss) and xxx has UBIA of qualified property).
Also, for the additional passthrough property listed with a separate EIN, do I just input a new K1?
‎April 7, 2021
10:49 PM