topic Re: Section 199A in Get your taxes done using TurboTax

Section 199A

denlindahl52 — Sat, 12 Sep 2020 17:51:17 GMT

I have section 199A income from several LLCs so I need to include information under code Z for multiple entities but Turbo Tax seems to only allow detailed information about one of them - how do I complete information for the others?

Re: Section 199A

Anonymous_ — Sat, 12 Sep 2020 18:25:54 GMT

Do you have a separate K-1 for each LLC?

If so, simply enter them one at a time.

If not, you can enter separate K-1s into the program, the first with all of the information on the schedule and the others with just the code Z information.

Re: Section 199A

Anonymous — Sat, 12 Sep 2020 18:35:10 GMT

box 20 code z goes nowhere. there is a section farther down D1 where the199A info is entered.

Re: Section 199A

Anonymous_ — Sat, 12 Sep 2020 18:44:31 GMT

If you follow the Step-by-Step during K-1 entry, there are screens where the 199A information can be entered.

The D1 section has no utility for anyone using the online version.