Is there updated information on how to enter K-1 information with a PTP entity that has pass-through companies?

Are you not seeing the income or loss reported?  A PTP loss would be reported on the Publicly Traded Partnership Worksheet.

In TurboTax Premium Online, enter the K-1 by following these directions.

• Down the left side of the screen, click on Federal.
• Down the left side of the screen, click on Wages & Income.
• Click to the right of S-corps, Partnerships, and Trusts.
• Click to the right of Schedule K-1.
• At the screen Tell us about your Schedule K-1, you tell the software which Schedule K-1 you received.
• For several screens, you will be entering data right off the K-1 form.
• At the screen Describe the Partnership, select This is a publicly traded partnership.

Are you referring to this TurboTax Help?

I have a Schedule K1 (1065) for a PTP that has two more "pass-through" PTPs listed on the Supplemental Statement, each with EIN.  Statement A gives separate information for each of the PTPs for Part III of the K-1 Boxes 1-20, including Box 20Z (Section 199A PTP income).

Per Turbotax forum info, I understand that I need to prepare 3 K-1s because of three separate amounts for Box 20Z.  Therefore, I have entered all the information from the K-1 and Statement A for the main PTP.  But when preparing the second K-1 (entering info from Part III Boxes 1-20) for the second "pass-through" PTP, I encountered a problem.  Per Turbotax forum, the question "Is the business that generated the Section 199A income a separate business owned by the partnership," I indicated that the QBI comes from another business and I SHOULD HAVE gotten a screen asking for the EIN of that business.  However, what I got was:

"Since the business that generated the Section 199A income is a publicly traded partnership, you need to treat it as a separate activity.

- Go back and remove the Section 199A income from Box 20 of this K1.  If there are multiple sources of Section 199A income, only remove what is attributable to the publicly traded partnership.

- Create another K-1 for the publicly traded partnership.

- Be sure to check the PTP on the K-1.

- Enter the items of income in the appropriate boxes on the K-1."

I believe Turbotax was telling me to do what I had already done, but had not asked for the EIN of the (non-main) PTP, as expected.

Since the advice I'm following is from 2020 (See contributions from Expert DavidS127 3/28/2020 11:50am, 6/27/2020 1:13pm, 7/12/2020 9:24am, 7/12/2020 12:42pm), I was wondering if Turbotax had more recent advice that I have not found that could give further guidance.

The PTPs also have income (loss) in both Boxes 1 and 2, and therefore require separate K-1s for those amounts.  So, do I understand correctly that I need to supply a total of six (6) K-1s in Turbotax for this one K-1 I received?

This K-1 business is very confusing.  Thank you for any guidance you can give me.

This didn't help.  Please see more detail sent a couple of days ago.