I have a K-1 from a rental property investment.
In Section 199A Box 20, there is a line for "unadjusted Basis of Assets."
Does that number need to be entered and if so, on what line in the return?
Could it just be for information purposes?
Thanks...
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Hello.
My K-1 has box1 (ordinary income) and box 2 (real estate rental income). I also have Section 199A (Code Z), which has "section 199A unadjusted basis" item say 8,000. In TurboTax, I enter two separate K-1 for ordinary income and real estate rental income. In which one should I put unadjusted basis 8,000 ?
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