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Level 1
Sep 12, 2020 5:51 PM UTC
Solved

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?

    Level 15
    Sep 12, 2020 6:25 PM UTC

    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.

    3 replies

    Level 15
    Sep 12, 2020 6:25 PM UTC

    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.

    Sep 12, 2020 6:35 PM UTC

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

    Level 15
    Sep 12, 2020 6:44 PM UTC

    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.