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KasparTheGhost
Returning Member

K-1 Box 20 Z "STMT" How to enter in turbotax. Is this QBI?

I am a single member LLC. I received a K-1 (1065) for rental income that I own 25% . On the K-1 in Box 20 it says  Z "STMT".

On the statement it says - Section 199A  Box 20 Code Z

Description:

Rental Income - $4353

Unadjusted Basis of Assets - $89504

 

What do I enter in TurboTax K-1 box 20?

Lastly is this income QBI because it is reported in box 20 as "Z"?

Thank you for any input.

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2 Replies
Anonymous
Not applicable

K-1 Box 20 Z "STMT" How to enter in turbotax. Is this QBI?

don't bother with box 20 on the k-1 input.  the info goes nowhere.  there is a section D1 on the input form where you enter the income and asset # - UBIA (the section says shareholder but it should also say partner/member). 

also review section D2 to see if there's anything that applies. 

KasparTheGhost
Returning Member

K-1 Box 20 Z "STMT" How to enter in turbotax. Is this QBI?

I'm sorry I'm missing something. I dont see D1 or D2 on the K-1 form.

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