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Business & farm
You need to enter each partners' share of UBIA on the Statement A for each K-1.
To enter the amounts please follow these steps:
- Within your return switch to Forms mode by clicking the Forms icon in the upper right of your screen.
- Click on Statement A (Page 1) under the first K-1.
- On the UBIA of qualified property enter the 50% amounts of the total UBIA reported on the same line on the 1099A Summary (Page 1).
- Repeat this for the other K-1 Statement A.
We don't know why this didn't populate directly from the total entry, but we have begun investigating the issue.
@meades12
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March 12, 2022
1:59 PM