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Business & farm
Regarding K-1, 199A info, code Z number requirement: Statement A on QBI Pass-through Entity Rprt correctly shows rental income losses for two separate properties owned by one LLC partnership with one Ein. When entered as a number answer to code Z, TT does not accept the losses either as a single negative sum or as an aggregate negative sum when listed separately. (Both sums, of course are identical whether I or TT enter the calculation.) Am I doing something wrong on the description line or am I just entering the incorrect Z information?
‎October 14, 2022
6:09 PM