I am a single member LLC. I received a K-1 (1065) for rental income that I own 25% . On the K-1 in Box 20 it says Z "STMT".
On the statement it says - Section 199A Box 20 Code Z
Description:
Rental Income - $4353
Unadjusted Basis of Assets - $89504
What do I enter in TurboTax K-1 box 20?
Lastly is this income QBI because it is reported in box 20 as "Z"?
Thank you for any input.
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