K-1 Line 20 Statement A Has GTB and Pass-Through Columns and I don't know how to Enter Them

[ezreub]

Hi, my K-1 Statement  A has values for Ordinary Business Income, W-2 Wages, and UBIA in two separate columns--one titled "Pass-Through" and one Titled "GTB."  Each column has a separate EIN. I don't know what GTB stands for but more importantly, I don't know which of the two columns or what combination of them I include in Turbo Tax. I have a separate K-1 that only has GTB, so entering that information was straightforward, but with the two separate columns, I'm at a loss.

Thanks for considering.

[JamesG1]

In TurboTax Online Premium, at the screen Choose Type of Activity, select This K-1 reports amounts in more than one of boxes 1, 2, and 3.

The instructions read:

Since your K-1 reports amounts in more than one of boxes 1, 2, or 3, the partnership/LLC is involved in more than one type of activity. You should treat each activity separately in TurboTax.

Enter the business activity amount, box 1, on one K-1

Enter real estate rental activity amount, box 2, on another K-1

Enter other rental activity amount, box 3, on a third K-1.

In your case, you should be able to enter the two the business activity amounts, box 1, that is reported on one K-1.  Hopefully, your attachments will provide all of the additional information that you need including EIN numbers, if necessary.

You may find that individual section 199A information is reported for each business activity.  You may find that the entries on the K-1 are actually reported on two K-1 entries into the TurboTax software.

Original K-1                                                                         EIN 1                                                     EIN 2

Box 1     $1,000                                   =                             $500                                                      $500

Box 4     $100                                      =                             $75                                                        $25

Box 5a   $200                                      =                             $150                                                      $50

Box 5b   $100                                     =                              $75                                                        $25

W-2 wages $50,000                           =                             $25,000                                                 $25,000

UBIA $100,000                                   =                             $50,000                                                 $50,000