Question

Line 14, Code I, 199A QBI activity

Forum|Forum|6 years ago
October 5, 2019
1 reply
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I have a K-1 with multiple entities listed in the K-1 with Federal QBI activity. Turbo tax only allowed me to enter activity for one of the entities. Should i create a new K-1 for each of the underlying entities to enter the data? Is the detail even necessary to enter?

Employee

@sholland79 wrote:

Should i create a new K-1 for each of the underlying entities to enter the data? Is the detail even necessary to enter?

It might not be necessary, but I would recommend entering it, regardless, for the sake of completeness (and it may have an impact).

You can also create a new K-1 for each of the underlying entities in order to enter the data.