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Investors & landlords
Presuming I did this correctly, you just saved me a bundle -- thanks again!!
Still cannot understand why TT doesn't do this. Seems simple enough:
"Some other things. Look at lines 20Z1. That COLUMN 7 AMOUNT/20AB should be added to the ordinary income (or netted if 20Z! is negative) for reporting the 199A (qualified business income from the PTP). You don’t have to enter this but then you lose out on a tax deduction = 20% of this amount."
April 8, 2024
8:20 AM