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Level 1
September 12, 2020
Solved

Section 199A

  • September 12, 2020
  • 1 reply
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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?

    Best answer by Anonymous_

    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.

    1 reply

    Level 15
    September 12, 2020

    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.

    September 12, 2020

    box 20 code z goes nowhere.  there is a section farther down D1 where the199A info is entered.

    Level 15
    September 12, 2020

    If you follow the Step-by-Step during K-1 entry, there are screens where the 199A information can be entered.

     

    The D1 section has no utility for anyone using the online version.