How do I correctly enter Sch K-1, Box 20, Code Z, Section 199A information with two incomes? On the STMT, there are two incomes, one direct and one from a passthrough entity.
I have two incomes listed on the 199A statement. One direct and one through a passthrough (that also has W2 wages). Do I just add the two together, and how do I account for the passthrough entity (different FEIN)?
If Statement A reports information from more than one trade or business, enter each activity as a separate K-1. Use the name and EIN of the pass-through entity for the second K-1.