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April 9, 2023
Question

Entering Section 199A Information, Box 20, Code Z

  • April 9, 2023
  • 1 reply
  • 0 views

Hi,  

I have two K1 forms and both have two sets of Ordinary Income, W-2 Wages and Unadjusted Basis of Assets.

The first one has Passthrough EIN# which is not the same EIN as the Partnership issued K1.

On form 1065 Box 1 has the same number as the total of both Ordinary Incomes.   Do I just add them up and enter in Ordinary Business Income,  W-2 Wages and UBIA on "We need some information about your 199A Income?  

 

   

The second K1 also have two sets.  Box 2 has the same number as the total of Rental Incomes.

Do I just add them up and enter in Rental Income, W-2 Wages and UBIA on "We need some information about your 199A Income?  

 

Thanks 

    1 reply

    PatriciaV
    Employee
    April 9, 2023

    Yes, even though the EIN are different, you may combine the income by category for QBI Section 199A entry for each Schedule K-1.

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