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Business & farm
Since QBI (Section 199A(g)) is reported at the partner level, you will need to add this manually using Forms Mode.
- Click the Forms icon in the TurboTax Business header.
- Look for Schedule F (name of farm) in the left column and click on "199A Act Wks" under that heading. The worksheet will open in the large window.
- Scroll down to Statement C Information under Line 9.
- Enter the amount from Form 1099-PATR Box 6 in the box on the line "Section 1099A(g) deduction from 1099-PATR."
- Your entry on the worksheet will generate Statement C under each partner's Schedule K-1. Click on each statement in the left column to confirm the allocation is correct.
- Click on Step-by-Step in the header to go back to the return.
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‎January 30, 2023
1:29 PM