Statement A - QBI Pass-through Entity Reporting on K-1 has two columns under "QBI or qualified PTP items subject to partner-specific determinations."
One is "1065, Line 22) and one is "Sch F, Copy 1"
How do I enter these two columns in TurboTax, which only has one box?
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While we're at it, there are also two numbers in Box 14 (Self-employment earnings (loss) ) on my K-1. Which or both of these do I enter in TurboTax Premier?
S corporations must file an annual tax return on Form 1120S. The S corporation provides Schedule K-1s that reports each shareholder’s share of income, losses, deductions and credits. The shareholders use the information on the K-1 to report the same thing on their separate tax returns.
In TurboTax Online, follow these directions.
How do I report QBI pass-through if the pass through came from rental property of 1 trust passed through another trust. All I see are instructions for if you are a S Corp
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