Follow these directions to report Section 199A income from your partnership K-1.
- At the screen Enter Box 20 info, you likely need to select code Z Section 199A information.
- Click Continue.
- At the screen We need some information about your 199A income, you will enter the information provided with your K-1.
- Click the box to the left to open up the entry box on the right.
- You may be entering:
- Ordinary business income (loss) from this business,
- W-2 wages for this business, and
- UBIA of qualified property for this business.
Enter these values for the qualified business income deduction to be calculated.
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