@DavidS127 ,
My K-1 has box 20 codes Z and AH. The worksheet shows a management entity in column A and then three business locations in columns B through D. My understanding is that I will need to create a main schedule K-1 and then (for TurboTax purposes) an additional four K-1s for the pass-through entities.
For code Z, it sounds like on the main K-1 I select the code and I do not put an amount on the main K-1. On the pass-through K-1s, I will not include any other numbers from Part III, boxes 1-19 but will again select code Z and then have the opportunity to provide the additional information (and amounts specific to each entity).
Does code AH work the same way? If so, on the pass-through entity K-1s can I select both box Z and AH and answer the questions related to each entity?
Thanks.
