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Investors & landlords
actually, you don't need to enter any 20Z info on line 20 of the k-1. it goes nowhere and can create filing problems. the Turbotax k-1 has a separate section where the QBI/199A info is entered. Turbotax presents you with a facsimile k-1. a lot of info it asks for is not needed because it goes nowhere and is not used for anything. examples: capital account, profit loss capital %, liability info, address and more. the reason that it's provided is that some k-1s can be imported and it would create a mess if there was no area to put a number that was imported.
May 12, 2022
11:31 PM