For an MLP preferred, amounts appear in K-1 Form 1065 in Lines 4 and 19. L20 Code is AD amount 0. NO QBI treatment by TT Premier. Error ?

PeteKoch — Sat, 01 Jun 2019 20:30:13 GMT

There would not be any QBI calculated as code AD (Section...

DawnC0 — Sat, 01 Jun 2019 20:30:15 GMT

There would not be any QBI calculated as code AD (Section 199A PTP income) is zero on your K-1. The QBI related codes are Z-AD from box 20 on your K-1. If those codes (see below) are not on your K-1 in box 20, the deduction will not calculate in TurboTax. The following information is required for the QBI deduction.

Z Section 199A income
AA Section 199A W-2 wages
AB Section 199A unadjusted basis
AC Section 199A REIT dividends
AD Section 199A PTP income

topic For an MLP preferred, amounts appear in K-1 Form 1065 in Lines 4 and 19. L20 Code is AD amount 0. NO QBI treatment by TT Premier. Error ? in Business & farm

For an MLP preferred, amounts appear in K-1 Form 1065 in Lines 4 and 19. L20 Code is AD amount 0. NO QBI treatment by TT Premier. Error ?

There would not be any QBI calculated as code AD (Section...