Form K-1 199A entry

[katri]

I received K-1 for my investment in a company. The provider has mentioned "STMT" in line 20 with code Z. This is how it looks on my K-1.

Details has following three rows

1. Trade or Business Ordinary Income
2. Farm Ordinary Income
3. Farm Unadjusted Basis of Assets

I read in the turbotax community forum that in this situation, leave value for code Z blank and proceed. That's what I have done.

When I reach 199A information section on Turbotax, I have entered #1 and #2 in line Business Income (loss) and have entered #3 UBIA of qualified property.

Is this correct way to enter this information?

Thanks.

[MinhT1]

Yes. You have entered your K-1 and the QBI part correctly.

[katri]

Thank you.