Section 199A
I have section 199A income from several LLCs so I need to include information under code Z for multiple entities but Turbo Tax seems to only allow detailed information about one of them - how do I complete information for the others?
I have section 199A income from several LLCs so I need to include information under code Z for multiple entities but Turbo Tax seems to only allow detailed information about one of them - how do I complete information for the others?
Do you have a separate K-1 for each LLC?
If so, simply enter them one at a time.
If not, you can enter separate K-1s into the program, the first with all of the information on the schedule and the others with just the code Z information.
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