Business & farm

@JamesG1 

 

Thank you for the informative post.  So to clarify, lets say I received a K1 from "Company A" and in box 20 I have code "Z" .  Code Z takes me to Section 199 A, where there are several items such as rental income, W-2 wages, etc from a passthrough entity we'll call "Company B".

 

I put all of the information from "Company A" who issued my K1 into Turbotax such as EIN, and the amounts listed in boxes 1-20 which takes me to a screen that says "We see you have section 199A income".   Do I click the "This income is from another business"  radio button and then put in the pass through entity Name ("Company B") and EIN in the next page and the  amounts from the 199A form?

 

Then when this is complete, I go back and select "Add Another K-1" and complete a second K1 using the passthrough entity information (Name, EIN, etc.) for "Company B".   But where do I type in the rental income, W2 wages, etc. from "Company B"?

 

Thank you.