Question
Schedule K-1 Explanation
I am hoping to get some clarification on the Schedule K-1, Box 20, Code Z-section 199A.
Here is the information I have and only have one box that has a number
QBI or Qualified PTP Items:
-Net rental real estate income (loss): -580
Is this the number that you put down when it ask for QBI?
My second question is Qualified Property to same as UBIA of qualified property?
Final question just to clarify W-2 wages and Qualified property are two separate items?
Thank you
