Question

K-1 Box 20 Code Z with STMT has Rental Income, Other Rental Income, and Section 199A unadjusted basis

Forum|Forum|2 years ago
March 22, 2024
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I think that I got the Income Items input correctly however, I don't know where to input the Additional Information Section 199A unadjusted basis.

On the "We need some information about your 199A income" page in TT, I put the number in the Rental income box and the Other income box. Those two numbers are also found in Box 2 and Box 3 of the K-1.

If I add those two numbers and multiply by 14.70%, I get my unadjusted basis number.

PatriciaV

Unadjusted Basis may refer to UBIA (Unadjusted Basis Immediately After Acquisition) of qualified property, used in the QBI calculations. Enter that amount in the UBIA box under Section 199A.

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