topic Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Unadjusted Basis of Assets. Where do I enter amount for unadjust basis of asset? in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-unadjusted/01/1374781#M46370 Sun, 29 Mar 2020 01:27:17 GMT mkowalsky 2020-03-29T01:27:17Z Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Unadjusted Basis of Assets. Where do I enter amount for unadjust basis of asset? https://ttlc.intuit.com/community/business-taxes/discussion/trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-unadjusted/01/1374781#M46370 Sun, 29 Mar 2020 01:27:17 GMT https://ttlc.intuit.com/community/business-taxes/discussion/trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-unadjusted/01/1374781#M46370 mkowalsky 2020-03-29T01:27:17Z Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Una... https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1374851#M46371 <P>&nbsp;</P> <P>After you enter the K-1 information, you will continue until you see this page:<IMG src="https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/03cf9765-0c9e-4d27-a926-cc6f0cf35e18.default.PNG" /></P> Sun, 29 Mar 2020 01:54:36 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1374851#M46371 MaryK1101 2020-03-29T01:54:36Z Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Unadjusted Basis of Assets. Where do I enter amount for unadjust basis of asset? https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-unadjusted/01/1434941#M48146 <P>I have the same question for the "UNADJUSTED BASIS OF ASSETS".&nbsp;</P><P>I see where the Ordinary Income goes....&nbsp; after you check the BOX in Business Income.</P><P>5 Boxes opens up for where you can enter the following:&nbsp; Ordinary business income; Rental income, Royalty income; Other income; and Total ordinary Form 4797 gain/(loss) include above.</P><P>But I have not found anything that would match up with "Unadjusted Basis of Assets", unless it goes under a different name.</P><P>&nbsp;</P><P>Have you been able to figure this out or has anyone given you an answer for this??</P><P>Any help would be greatly appreciated.</P><P>&nbsp;</P><P>Thank you!</P><P>&nbsp;</P><P>***update***&nbsp; I was looking over the various answers again and I noticed that the "UBIA OF QUAILIFED PROPERTY" BOX was checked.</P><P>Is this where the "Unadjusted Basis of Assets" is ENTERED?</P> Fri, 10 Apr 2020 07:38:57 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-unadjusted/01/1434941#M48146 MrDG-CA 2020-04-10T07:38:57Z Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Una... https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1434966#M48148 <P>Hello Mary,</P><P>&nbsp;</P><P>Based on your response to Unadjusted Basis of Assets (K1, Section 199A, Box 20, Code Z), this amount is ENTERED in the Partnership has UBIA of qualified property area, once the BOX is checked...&nbsp; &nbsp; Correct?</P><P>&nbsp;</P><P>Thank you very much!</P> Fri, 10 Apr 2020 07:43:51 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1434966#M48148 MrDG-CA 2020-04-10T07:43:51Z Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Una... https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1435556#M48162 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Yes, on the "<STRONG>We need some information about your 199A income or loss</STRONG>" screen,&nbsp;&nbsp;the last line "<STRONG>[Name of business] has&nbsp;UBIA of qualified property</STRONG>" line is the one you check to open up the box to enter&nbsp;the "Unadjusted Basis of Assets" from your Section 199A Statement for box 20 code Z.</SPAN></SPAN></P> <P>&nbsp;</P> <P><IMG src="https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/48cd2c90-370c-4c83-b3b3-590f9c696bf0.default.png" /></P> Fri, 10 Apr 2020 13:33:14 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1435556#M48162 DavidS127 2020-04-10T13:33:14Z Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Una... https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1536137#M50658 <P>But to get to the chart shown I must enter a value on the prior page, otherwise TT shows the K-1 as unfinished.</P><P>What value do I put in for Box 20-Z?</P><P>&nbsp;</P> Sat, 25 Apr 2020 18:53:54 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1536137#M50658 Triman 2020-04-25T18:53:54Z Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Una... https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1536425#M50662 <P>On my K1, Box 20, Code Z, it had an astride (*) and the letters "STMT".</P><P>Since TT only accepted a number value, I ended up leaving it blank, no space, letter, or number.</P><P>Moved on to the end and when the next page that came up for Section 199A information, I keyed in Ordinary Income (Loss in my case); W2 Wages; and the Unadjusted Basis of Assets.</P><P>&nbsp;</P><P>Hope this helps....&nbsp; good luck!</P> Sat, 25 Apr 2020 20:03:54 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1536425#M50662 MrDG-CA 2020-04-25T20:03:54Z Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Unadjusted Basis of Assets. Where do I enter amount for unadjust basis of asset? https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-unadjusted/01/1581480#M51818 <P>I'm using TT Premier and I don't see/get the menu driven boxes to check for the UBIA.</P> Mon, 11 May 2020 16:48:23 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-unadjusted/01/1581480#M51818 Jay70 2020-05-11T16:48:23Z Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Una... https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1581510#M51819 <P>Make sure you have a checkmark in Box 20 when <A href="https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-self-employment-business-expenses-like-home-office-vehicle-mileage-and-supplies/00/27109" target="_blank">entering your K-1</A>.&nbsp; And on the following screen, you will need to enter&nbsp;<STRONG>Code Z</STRONG> to get the prompt to enter the UBIA information.&nbsp;</P> <P>&nbsp;</P> <P><LI-USER uid="2280935" login="Jay70"></LI-USER></P> <P>&nbsp;</P> Mon, 11 May 2020 17:00:26 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1581510#M51819 DawnC 2020-05-11T17:00:26Z Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Unadjusted Basis of Assets. Where do I enter amount for unadjust basis of asset? https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-unadjusted/01/1581639#M51821 <P>Thanks for the quick response.&nbsp; I am not seeing what you are seeing.&nbsp; I must have a different version of TT.&nbsp; I do not have a box to check for line 20.&nbsp; I have a box to check for code z at line 20.&nbsp; When code z is selected, "section 199A information" appears in the description line.&nbsp; I then must enter a numeric amount.&nbsp; However, the amount (or a portion thereof) must be supported by amounts in Section D1:&nbsp; QBI .... (further down the program) but it only lists UBIA of qualified property, no listing or drop downs for unadjusted basis of assets.</P><P>&nbsp;</P><P>&nbsp;</P> Mon, 11 May 2020 17:46:14 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-unadjusted/01/1581639#M51821 Jay70 2020-05-11T17:46:14Z Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Una... https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1584167#M51915 <P><SPAN style="font-size: 14px;"><SPAN style="font-family: Arial,Helvetica,sans-serif;"><SPAN style="color: #2d3338;">Enter the code Z when you enter the K-1 box 20 screen,&nbsp;but you don't need to enter an amount.&nbsp;&nbsp;<STRONG>Continue</STRONG>&nbsp;on, and you'll find the&nbsp;&nbsp;"<STRONG>We need some information about your 199A income or loss</STRONG>" screen.&nbsp; The last line on that screen, "<STRONG>.....has UBIA of qualified property</STRONG>" is the the one you select for the unadjusted basis of assets number you are trying to enter.</SPAN></SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size: 14px;"><SPAN style="font-family: Arial,Helvetica,sans-serif;"><SPAN style="color: #2d3338;">UBIA is an acronym for <STRONG>U</STRONG>nadjusted <STRONG>B</STRONG>asis <STRONG>I</STRONG>mmediately After <STRONG>A</STRONG>cquisition.</SPAN></SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size: 14px;"><SPAN style="font-family: Arial,Helvetica,sans-serif;"><SPAN style="color: #2d3338;">Here is the screen you need, and the last line is the one you need to check for the unadjusted basis of assets:</SPAN></SPAN></SPAN></P> <P><SPAN style="font-size: 14px;"><SPAN style="font-family: Arial,Helvetica,sans-serif;"><IMG src="https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/32e98eb1-ba77-42e0-8b7b-5ab3ef5bf8e9.default.png" border="0" /></SPAN></SPAN></P> <P><SPAN style="font-size: 14px;"><SPAN style="font-family: Arial,Helvetica,sans-serif;"><LI-USER uid="2280935"></LI-USER>&nbsp;</SPAN></SPAN></P> <P><SPAN style="font-size: 14px;"><SPAN style="font-family: Arial,Helvetica,sans-serif;">[Edited 5/12/20|4:38pm PST]</SPAN></SPAN></P> Tue, 12 May 2020 23:38:26 GMT https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1584167#M51915 DavidS127 2020-05-12T23:38:26Z
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topic Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Unadjusted Basis of Assets. Where do I enter amount for unadjust basis of asset? in Business & farm
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<link>
https://ttlc.intuit.com/community/business-taxes/discussion/trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-unadjusted/01/1374781#M46370
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<pubDate>Sun, 29 Mar 2020 01:27:17 GMT</pubDate>
<dc:creator>mkowalsky</dc:creator>
<dc:date>2020-03-29T01:27:17Z</dc:date>
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<title>
Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Unadjusted Basis of Assets. Where do I enter amount for unadjust basis of asset?
</title>
<link>
https://ttlc.intuit.com/community/business-taxes/discussion/trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-unadjusted/01/1374781#M46370
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<pubDate>Sun, 29 Mar 2020 01:27:17 GMT</pubDate>
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<dc:creator>mkowalsky</dc:creator>
<dc:date>2020-03-29T01:27:17Z</dc:date>
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Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Una...
</title>
<link>
https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1374851#M46371
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<P>&nbsp;</P> <P>After you enter the K-1 information, you will continue until you see this page:<IMG src="https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/03cf9765-0c9e-4d27-a926-cc6f0cf35e18.default.PNG" /></P>
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<pubDate>Sun, 29 Mar 2020 01:54:36 GMT</pubDate>
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<dc:creator>MaryK1101</dc:creator>
<dc:date>2020-03-29T01:54:36Z</dc:date>
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<title>
Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Unadjusted Basis of Assets. Where do I enter amount for unadjust basis of asset?
</title>
<link>
https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-unadjusted/01/1434941#M48146
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<P>I have the same question for the "UNADJUSTED BASIS OF ASSETS".&nbsp;</P><P>I see where the Ordinary Income goes....&nbsp; after you check the BOX in Business Income.</P><P>5 Boxes opens up for where you can enter the following:&nbsp; Ordinary business income; Rental income, Royalty income; Other income; and Total ordinary Form 4797 gain/(loss) include above.</P><P>But I have not found anything that would match up with "Unadjusted Basis of Assets", unless it goes under a different name.</P><P>&nbsp;</P><P>Have you been able to figure this out or has anyone given you an answer for this??</P><P>Any help would be greatly appreciated.</P><P>&nbsp;</P><P>Thank you!</P><P>&nbsp;</P><P>***update***&nbsp; I was looking over the various answers again and I noticed that the "UBIA OF QUAILIFED PROPERTY" BOX was checked.</P><P>Is this where the "Unadjusted Basis of Assets" is ENTERED?</P>
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<pubDate>Fri, 10 Apr 2020 07:38:57 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-unadjusted/01/1434941#M48146
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<dc:creator>MrDG-CA</dc:creator>
<dc:date>2020-04-10T07:38:57Z</dc:date>
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<title>
Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Una...
</title>
<link>
https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1434966#M48148
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<P>Hello Mary,</P><P>&nbsp;</P><P>Based on your response to Unadjusted Basis of Assets (K1, Section 199A, Box 20, Code Z), this amount is ENTERED in the Partnership has UBIA of qualified property area, once the BOX is checked...&nbsp; &nbsp; Correct?</P><P>&nbsp;</P><P>Thank you very much!</P>
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<pubDate>Fri, 10 Apr 2020 07:43:51 GMT</pubDate>
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<dc:creator>MrDG-CA</dc:creator>
<dc:date>2020-04-10T07:43:51Z</dc:date>
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<title>
Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Una...
</title>
<link>
https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1435556#M48162
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<P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">Yes, on the "<STRONG>We need some information about your 199A income or loss</STRONG>" screen,&nbsp;&nbsp;the last line "<STRONG>[Name of business] has&nbsp;UBIA of qualified property</STRONG>" line is the one you check to open up the box to enter&nbsp;the "Unadjusted Basis of Assets" from your Section 199A Statement for box 20 code Z.</SPAN></SPAN></P> <P>&nbsp;</P> <P><IMG src="https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/48cd2c90-370c-4c83-b3b3-590f9c696bf0.default.png" /></P>
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<pubDate>Fri, 10 Apr 2020 13:33:14 GMT</pubDate>
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<dc:creator>DavidS127</dc:creator>
<dc:date>2020-04-10T13:33:14Z</dc:date>
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<title>
Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Una...
</title>
<link>
https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1536137#M50658
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<P>But to get to the chart shown I must enter a value on the prior page, otherwise TT shows the K-1 as unfinished.</P><P>What value do I put in for Box 20-Z?</P><P>&nbsp;</P>
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<pubDate>Sat, 25 Apr 2020 18:53:54 GMT</pubDate>
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https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1536137#M50658
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<dc:creator>Triman</dc:creator>
<dc:date>2020-04-25T18:53:54Z</dc:date>
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<item>
<title>
Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Una...
</title>
<link>
https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1536425#M50662
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<description>
<P>On my K1, Box 20, Code Z, it had an astride (*) and the letters "STMT".</P><P>Since TT only accepted a number value, I ended up leaving it blank, no space, letter, or number.</P><P>Moved on to the end and when the next page that came up for Section 199A information, I keyed in Ordinary Income (Loss in my case); W2 Wages; and the Unadjusted Basis of Assets.</P><P>&nbsp;</P><P>Hope this helps....&nbsp; good luck!</P>
</description>
<pubDate>Sat, 25 Apr 2020 20:03:54 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1536425#M50662
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<dc:creator>MrDG-CA</dc:creator>
<dc:date>2020-04-25T20:03:54Z</dc:date>
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<item>
<title>
Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Unadjusted Basis of Assets. Where do I enter amount for unadjust basis of asset?
</title>
<link>
https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-unadjusted/01/1581480#M51818
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<P>I'm using TT Premier and I don't see/get the menu driven boxes to check for the UBIA.</P>
</description>
<pubDate>Mon, 11 May 2020 16:48:23 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-unadjusted/01/1581480#M51818
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<dc:creator>Jay70</dc:creator>
<dc:date>2020-05-11T16:48:23Z</dc:date>
</item>
<item>
<title>
Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Una...
</title>
<link>
https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1581510#M51819
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<P>Make sure you have a checkmark in Box 20 when <A href="https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-self-employment-business-expenses-like-home-office-vehicle-mileage-and-supplies/00/27109" target="_blank">entering your K-1</A>.&nbsp; And on the following screen, you will need to enter&nbsp;<STRONG>Code Z</STRONG> to get the prompt to enter the UBIA information.&nbsp;</P> <P>&nbsp;</P> <P><LI-USER uid="2280935" login="Jay70"></LI-USER></P> <P>&nbsp;</P>
</description>
<pubDate>Mon, 11 May 2020 17:00:26 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1581510#M51819
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<dc:creator>DawnC</dc:creator>
<dc:date>2020-05-11T17:00:26Z</dc:date>
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<item>
<title>
Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Unadjusted Basis of Assets. Where do I enter amount for unadjust basis of asset?
</title>
<link>
https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-unadjusted/01/1581639#M51821
</link>
<description>
<P>Thanks for the quick response.&nbsp; I am not seeing what you are seeing.&nbsp; I must have a different version of TT.&nbsp; I do not have a box to check for line 20.&nbsp; I have a box to check for code z at line 20.&nbsp; When code z is selected, "section 199A information" appears in the description line.&nbsp; I then must enter a numeric amount.&nbsp; However, the amount (or a portion thereof) must be supported by amounts in Section D1:&nbsp; QBI .... (further down the program) but it only lists UBIA of qualified property, no listing or drop downs for unadjusted basis of assets.</P><P>&nbsp;</P><P>&nbsp;</P>
</description>
<pubDate>Mon, 11 May 2020 17:46:14 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-unadjusted/01/1581639#M51821
</guid>
<dc:creator>Jay70</dc:creator>
<dc:date>2020-05-11T17:46:14Z</dc:date>
</item>
<item>
<title>
Re: Trying to enter my K1 info, Section 199A, Box 20 Code Z. I have 1) Ordinary income and 2) Una...
</title>
<link>
https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1584167#M51915
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<description>
<P><SPAN style="font-size: 14px;"><SPAN style="font-family: Arial,Helvetica,sans-serif;"><SPAN style="color: #2d3338;">Enter the code Z when you enter the K-1 box 20 screen,&nbsp;but you don't need to enter an amount.&nbsp;&nbsp;<STRONG>Continue</STRONG>&nbsp;on, and you'll find the&nbsp;&nbsp;"<STRONG>We need some information about your 199A income or loss</STRONG>" screen.&nbsp; The last line on that screen, "<STRONG>.....has UBIA of qualified property</STRONG>" is the the one you select for the unadjusted basis of assets number you are trying to enter.</SPAN></SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size: 14px;"><SPAN style="font-family: Arial,Helvetica,sans-serif;"><SPAN style="color: #2d3338;">UBIA is an acronym for <STRONG>U</STRONG>nadjusted <STRONG>B</STRONG>asis <STRONG>I</STRONG>mmediately After <STRONG>A</STRONG>cquisition.</SPAN></SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size: 14px;"><SPAN style="font-family: Arial,Helvetica,sans-serif;"><SPAN style="color: #2d3338;">Here is the screen you need, and the last line is the one you need to check for the unadjusted basis of assets:</SPAN></SPAN></SPAN></P> <P><SPAN style="font-size: 14px;"><SPAN style="font-family: Arial,Helvetica,sans-serif;"><IMG src="https://lithium-response-prod.s3.us-west-2.amazonaws.com/turbotax.response.lithium.com/RESPONSEIMAGE/32e98eb1-ba77-42e0-8b7b-5ab3ef5bf8e9.default.png" border="0" /></SPAN></SPAN></P> <P><SPAN style="font-size: 14px;"><SPAN style="font-family: Arial,Helvetica,sans-serif;"><LI-USER uid="2280935"></LI-USER>&nbsp;</SPAN></SPAN></P> <P><SPAN style="font-size: 14px;"><SPAN style="font-family: Arial,Helvetica,sans-serif;">[Edited 5/12/20|4:38pm PST]</SPAN></SPAN></P>
</description>
<pubDate>Tue, 12 May 2020 23:38:26 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/business-taxes/discussion/re-trying-to-enter-my-k1-info-section-199a-box-20-code-z-i-have-1-ordinary-income-and-2-una/01/1584167#M51915
</guid>
<dc:creator>DavidS127</dc:creator>
<dc:date>2020-05-12T23:38:26Z</dc:date>
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