4dartist
New Member

Investors & landlords

If it's supposed to be entered as a positive number then I'm a bit disappointed in the clarity and constancy of Turbo Tax on this.  When doing taxes it should be pretty dang clear on if you are putting in a loss/gain.   This is probably the only part of my taxes I'm not sure about and I really don't want to have to call a CPA for it.  :/.   I think the Section 199A Code Z on a Schedule K-1 has to do with a deduction the business is taking.  I'm just not sure if it is meant to space that loss out over tax years, so maybe that's why putting in the loss as a neg number gave me less of a return; because it's pushing the loss forward to 2021 tax year?  I'm not sure..  I guess I need to dig deeper.