K1 box 20 with three codes and 199A with multiple businesses

Forum|Forum|1 year ago
April 2, 2025
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K1 box 20 has three codes, A, V, and Z. 199A has 11 business names (diff EINs). How do I enter it all?

Also, box 20 has a fourth entry that has no code, just STMT. It's TPG AG, in case anyone is familiar.

ThomasM125

You need to enter amounts for each code in box 20. For the code Z, for qualified business income (QBI), you will combine the section 199A income on the various businesses and make one entry in TurboTax. Code A is for investment income, so hopefully there is an amount for that on your schedules. Code V is for unrelate business taxable income, and there should be an amount for that in your statements as well. So, enter the codes in box 20 and one amount for each code.

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beeveeAuthor

Many thanks! And so quickly. So, to continue then, does the income come from the partnership that generated the K-1, or from another business (11 of them)?