Anonymous
Not applicable

Schedule K-1 Boxes 1 and 10 and Code Z

Hi,

I purchased units in an MLP in 2020 and received my first Schedule K-1 today. As shown in the attached screenshots, the K-1 shows an "ordinary business income (loss)" in box 1 and "net 10 section 1231 gain (loss)" in box 10. It also has an attached statement that shows a code Z1 amount for "Section 199A PTP Income". I entered the box 1 and box 10 amounts into the appropriate boxes in TT, as shown in the attached screenshots. However, TT also asks me for more information about the 199A, where it seemingly gives me the opportunity to enter the same information for boxes 1 and 10 again. Is there something I am missing? Am I supposed to enter the same information I had entered for boxes 1 and 10 again as part of the 199A question?

Thanks!

 

K-1 Part III.png

 

K-1 Statement.png

 

TT Box 1.png

 

TT Boxes 8-10.png

 

TT Z1.png