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How do I correctly enter Sch K-1, Box 20, Code Z, Section 199A information? Section 199A has Net rental real estate income (loss) and Qualified property.
On Schedule K-1, Box 20, I have codes N, Z, and AG. A statement is provided showing one value for N, two values for AG (for 2021 and 2020). Schedule K-1, Box 20, Code Z - Section 199A information shows values for Net rental real estate income (loss) and Qualified property. I have entered all of the information as prompted into the section called "We need some information about your 199A income", and here I entered both the Net rental real estate income and the Qualified property information. My question is, when prompted by Turbo Tax to "Enter Box 20 info" what do I put under "Z-Section 199A information"? Do I just put the Net rental real estate income here???
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‎February 22, 2024
2:02 PM