turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

entering section 199A information into K-1

My K-1 (1065) has a page titled "SECTION 199A INFORMATION, BOX 20, CODE Z". Under DESCRIPTION it has six PASSTRHROUGH's each with amounts such as rental income, other deductions, W-2 wages, and unadjusted basis of assets. After I get to the TT screen "We see you have Section 199A income" how do I enter the information for all six PASSTHROUGH's?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies

entering section 199A information into K-1

normally at most there are only 3 - income, w-2 wages and UBIA.  however, if there are entries on 2 or more of lines 1 2, or3 on Part III you need a k-1 for each the 199A info goes with the respective k-1. 

 

the other possibility is that there are multiple partnerships involved in which case you should have gotten a supporting schedule breaking down each line in part III by the respective partnership. this also requires entries on two k-1's and the 199A again goes with the partnership. 

 

if neither of these is your situation you need clarification from your partnership. 

 

entering section 199A information into K-1

section 199A information.jpg

entering section 199A information into K-1

The photo is the box 20 code Z info that I want to enter into the K-1. How can I do it, please?

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question