AliciaP1
Expert Alumni

Business & farm

You need to ensure you have reported the details of your Section 199A loss on the screen after your K-1 entry.  In TurboTax Online you can do this by following these steps:

 

  1. Sign in and open your return by selecting Pick up where you left off under a section.
  2. Search for K-1 and select the Jump to link at the top of the search results.
  3. This will take you to the Schedules K-1 or Q screen.
  4. Answer Yes and follow the prompts. 
  5. Verify or answer the questions (leave box 20 amount blank) and Continue until you get to the W need some information about your 199A income screen.
  6. Check the box(es) that match the detail information you received with your K-1 and enter the associated amounts.  List negative numbers as negatives in Turbo Tax.
  7. Continue through the rest of the questions.

Repeat this process for the second K-1 if it also has QBI details.

 

@GarySwenson

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