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johnpjus
Returning Member

my K-1 have both box 1 and box 2, and I have two UBIA on this 199A. how should I enter this?

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my K-1 have both box 1 and box 2, and my 199A statement correspond to those two boxes. how should I enter to TT? i know i need to have two separate K-1 for box1 and box2.  my understanding is:

-first K-1, put all info J and K1 and L, other boxes in part III except box2 in. also part of 199A

( TRADE OR BUSINESS
ORDINARY INCOME (LOSS)
W-2 WAGES
UNADJUSTED BASIS OF ASSETS)

-then second k-1, I only put part III box 2, and another part of 199A related to this

RENT - MULTI-FAMILY RESIDENCE
RENTAL INCOME (LOSS)
UNADJUSTED BASIS OF ASSETS

 

any suggestion?

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1 Reply
PatriciaV
Expert Alumni

my K-1 have both box 1 and box 2, and I have two UBIA on this 199A. how should I enter this?

Be sure to add Box 20 Code Z to both Schedules K-1 so TurboTax asks you about Section 199A for each K-1. Enter the specific information from Statement A that relates to the income from Box 1 or 2.

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