How do I report two activities on one K-1 with Box 20 Code Z Sec 199A?

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April 17, 2023
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How do I correctly enter Sch K-1, Box 20, Code Z, Section 199A information with two incomes? On the STMT, there are two incomes, one direct and one from a passthrough entity.

I have two incomes listed on the 199A statement. One direct and one through a passthrough (that also has W2 wages). Do I just add the two together, and how do I account for the passthrough entity (different FEIN)?

Best answer by PatriciaV

If Statement A reports information from more than one trade or business, enter each activity as a separate K-1. Use the name and EIN of the pass-through entity for the second K-1.

PatriciaVAnswer

Employee

If Statement A reports information from more than one trade or business, enter each activity as a separate K-1. Use the name and EIN of the pass-through entity for the second K-1.

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heis0001Author

so in the passthrough entity it lists both an ordinary income(loss) and self-employment earnings (loss) ... which are the same number. I assume that I enter just the ordinary income?