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Investors & landlords
Thanks AliciaP1 and @DavidS127 . Upon reading your answers above I'm wondering if I entered 199A information incorrectly in TT for 2019 and 2020 and need to amend. This is for CRE LLC partnerships, some are funds holding many properties in different states, some only hold one property. In past years I had aggregated all the passthrough UBIAs and rental incomes together in TT. Is this completely wrong and require correction? The reason for my confusion is I"m noting different CRE partnerships report Section 199A information differently per below - please see my question for each:
1) RE LLC fund holds many properties, and list each property as passthroughs with separate EIN under Section 199A, Box 20, Code Z info - Q: Do I need to enter each passthroughs separately in TT?
2) RE LLC fund holds many properties (different states) but the passthrough listed in Section 199A, Box 20 Code Z info is the exact same LLC entity (same EIN as the main partnership). So in effect - its aggregated.
Q: Do I still need to list this same EIN as a passthrough?
3) RE LLC fund only had one property at the time. It listed multiple "passthroughs" but all for the same property. No separate EIN provided. Q: Can I aggregate all the UBIA/rental incomes into one since its for the same property?
4) RE LLC holds only one property, so no passthroughs listed. Q: Input into TT as is?