I have two EIN's on my Statement A on two columns (one of the EIN's is the same one as K-1 issued to me but the other one is from a passthrough) - when I get to the section to enter the information Turbo Tax it asks me to select from either "income comes from partnership that generated this K-1" or "the income comes from another business" can anyone please advise how they've entered information when there's multiple EIN's on statement A? Tried selecting both options but the software makes me pick one of the two.
Thanks in advance!
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You have to enter 2 K-1s (one for each FEIN), so when you come to that question you'd select "income comes from partnership that generated this K-1" for each of them. That's because the 20Z/199A info reported for that FEIN did come from it.
The other option is meant to make sure you don't lump together 199A income from multiple businesses.
thanks!
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