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Business & farm
It looks like you are reporting a Schedule K-1 for Form 1065.
At the screen Enter Box 20 Info select Z-Section 199A Information. Make no entry.
At the screen Enter Box 20 Info select U-Section 743(b) basis adjustment. Per the IRS instructions, enter total remaining basis.
Partner's Instructions for Schedule K-1 (Form 1065) states:
Section 743(b) adjustment.
New code U under line 20 is used to report the total remaining section 743(b) adjustment for applicable partners. This was reported in previous years on line 20, code AH.
At the screen We need some information about your 199A income, select and report business income/loss, other deductions, W-2 wages and UBIA of qualified property.
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March 29, 2022
2:48 PM