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Retirement tax questions
I have a relevant question. In my case, I don't see a single number for rental income, W2, and UBIA. I have two sets of numbers in the K1. See the following format
Section 199A - Box 20 Code Z statement
Rental income ###
W2 wages ##
UBIA ###
Rent - <partnership entity name> Phase II. Note: <partnership entity name> appears in the top left of K1 as the partnership name.
Rental income ##
Passthrough - <partnership entity name> phase II LLC
EIN #####
Rental income ###
W2 wages ##
UBIA ###
Question: When I combine all three rental incomes, it sums up to what I see in Box 2. Can I just sum up W2 wages, UBIA and enter them in the section 199A screen because it only shows one box for W2 wages and one box for UBIA in TurboTax
‎October 11, 2024
2:13 PM