Hello.
I received Schedule K-1 , form 1065, from LLC. It has Part III -> item 1 (ordinary business income), item 2 (net rental real estate income), and also item 20 (Z) with Section 199A.
From other threads in this forum, I understand that I have to enter 2 separate K-1 in TurboTax: one for ordinary business income, with all other LLC information, and line items (except for item#2). I would enter second K-1 in TT using only item 2. However, should I include box 20 Section 199A in both entires in TT?
