Is the same bug in TurboTax Business 2021 as in last year's version?The 199A form is not calculating correctly when there are two properties to be included.

Forum|Forum|4 years ago
February 15, 2022
6 replies
14 views

Only one property's numbers show up on the form. The second property is missing.

TurboTax Online

PatriciaV

Level 15

Please clarify what type of properties you are reporting for Section 199A and where that information was recorded in TurboTax Business.

If the information comes from Schedule K-1 with income in both Box 1 and 2, you will need to enter two separate K-1 forms into TurboTax for the single K-1 you received. Use one K-1 to report the amounts reported for the rental income generated by the partnership, and a second K-1 to report the income generated by the passthrough entity.

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almat21Author

Level 2

The K1 only has an entry in Box 1 and an entry in box 7. And the entry in Box 1 is $2.00

almat21Author

Level 2

Further clarification. I believe the issue is in the generation of the K1 which is done in the Turbo Tax Business software. The Business software should give me one K1 and the appropriate 199 report which then gives me the right information to complete in the Home and business software.

Last year I had to have a turbo tax expert help me on the Business software side of your support. I believe you have the same problem this year.