Investors & landlords
Enter IRS form K-1 (1065) information at the screen Enter Box 20 info,
- Select code Z Section 199A information. Do not enter a value to the right.
- Click Continue.
- At the screen We need some information about your 199A income, you will likely enter the following information:
- Ordinary business income (loss) from this business, and/or
- Rental income (loss).
Enter these values for the Qualified Business Income Deduction to be calculated.
Some preparers of the K-1 form will include the Section 199A information on a separate statement called a Statement A.
It is possible that additional information, such as the UBIA that you mentioned, may need to be entered. Click the box to the left to open up entry boxes.
