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Where do I enter rental income for my Statement A QBI Pass-through entity reporting?

My Wife received schedule K-1 for limited partnership.  For Form 1065, I have net rental real estate income in part III box 2.  While working through form 1065 i n Turbotax, I get to a part that asks if I have a code Z in box 20.  I do not.  However there's a note that states that if I received a Statement A for QBI Reporting that I should select "yes" even though I do not have a Code Z in box 20.

I do have a Statement A with a value in the rental income box.  So I select "Yes"

I get to the part where Turbotax asks for more information about my 199A income, but there's no box to select that will allow me to input the rental income.

I'm stuck in a loop because during the review process Turbotax tell me that Box 20 Code Z has been selected, but no section 199A income has been entered on statement A.  Thank you for your assistance!
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1 Best answer

Accepted Solutions
JamesG1
Expert Alumni

Where do I enter rental income for my Statement A QBI Pass-through entity reporting?

At the screen We need some information about your 199A income, are you able to click the top entry for business income (loss)?  A box for rental income (loss) should appear.  Enter the rental income from the statement.

 

Review your attached statement to see whether you were given other information that can be entered at this page.

 

Enter these values for the qualified business income deduction to be calculated.

 

The Qualified Business Income Deduction was created by the 2017 Tax Cuts and Jobs Act (TCJA) and is in effect for tax years 2018 through 2025.

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1 Reply
JamesG1
Expert Alumni

Where do I enter rental income for my Statement A QBI Pass-through entity reporting?

At the screen We need some information about your 199A income, are you able to click the top entry for business income (loss)?  A box for rental income (loss) should appear.  Enter the rental income from the statement.

 

Review your attached statement to see whether you were given other information that can be entered at this page.

 

Enter these values for the qualified business income deduction to be calculated.

 

The Qualified Business Income Deduction was created by the 2017 Tax Cuts and Jobs Act (TCJA) and is in effect for tax years 2018 through 2025.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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