K1 MLPs Section 199 A PTP income

[sma3]

K1s from MLPs like Enterprise Products have box 20Z with Section 199A (PTP) income.

Years past TT has required a separate K1 completed with only the Box 20Z info, if the income comes from a Publicly Traded Partnership.  This has worked, but this year TT requires information entered into Schedule A on the K1, or else there are error messages.

Putting in any figure on the Schedule A resolves the error, but some have recommended "zero" under business income and loss.

Shouldn't the more accurate approach be to use the actual Box 20 Z data as business income and loss, as it is not rental or royalty or section 1231, or should it be listed as UBTI ?

The company on the phone provided no useful help, other than to confirm it is PTP.

[AliciaP1]

If your K-1 has box 20 code Z the amount should have *STMT entered.  You will also have then received a Statement A  - QBI Pass-through Entity as an attachment with your K-1.  This is the form you will use to enter the information into TurboTax.  Once you mark code Z for box 20, TurboTax will ask specific questions about the line items on the Statement A.  If you enter these as reported your deduction will calculate correctly.

Please see QBI Deduction for more information. 

[sma3]

None of the MLPS provided a Statement A

In fact, I called Enterprise Products and they said they do not provide Statement A, and said TT is incorrect in assuming they have one to provide

All TT asks is is the income from a PTP or a REIT.

There is no explanation for why all of the information ( K1 and the 199A) cannot all go on the  same for, and why two separate ones are required, especially as they are marked " Keep for your records" and are not sent to the IRS