Statement A refers to supplemental information included with Schedule K-1. This document should provide instructions on how to complete the Section 199A income questions at the end of the Schedule K-1 interview. If you did not receive these instructions, please contact the company that sent the K-1 for assistance.
I did and the company gave me the answer. I gave the number they suggested and it still would not take it and let me file. I changed to another number they also suggested and it still would not allow me to file. No matter what number I put in the box it will not accept it and permit me to file my taxes. Can you help me?
Can you clarify you question?
Is this a K-1 from a partnership, an S-Corp or a trust?
What number are you entering, and in what box are your entering it?
Typically you enter code Z and a number and then you are asked for information from Statement A. What information did they give you?
I got the number from the K-1 tax preparer and entered what he said and turbotax would still not accept it to allow me to file my taxes. Is there a glitch in the program? I have no idea how to fix it so I can file my taxes.
The three figures I was given for statement A are: Net Rental Real Estate Income (Loss) -148
Net Section 1231 Gain - 31,818
Total - 31,670
Is this a partnership? Does the K-1 report code Z in box 20 of the K-1?
At the screen We need some information about your 199A income, many times we see the following 199A information reported:
If box 2 is $-148 and box 10 is $+31,818, there may be no 199A information reported because the K-1 reported the loss in box 2.
I do not know what 'Total - 31,670' means.
Are there other boxes reported on the K-1?