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Do I use a neg or pos number to indicate loss when the line is asking for loss? "Rental income (loss)" Pos number nets me more refund :/
I'm entering data for Schedule K-1, in field 20 I have an N and Z code. Turbotax is asking me about it. Code Z is called Section 199A. Turbotax is asking, "We need some information about your 199A income". I checked that my business has income (loss) and then specifically there is a line for Rental income (loss) with a box after it. Do I put a positive number in here considering this number is already designated a (loss) or should I put a negative number here? When I put a negative number, I end up owing more money, so it kind of confused me.
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‎April 12, 2021
11:31 AM