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12-07-2019
04:08 AM
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20AD is the PTP *QBI* loss. The PTP loss that goes into the income calculation is entirely separate. Your K-1 should disclose the PTP portion of the K-1 income and deduction items separately. So if Box 1 is $500, made up of a $50 PTP loss and $550 of non-PTP income, you enter them as if they were two different K-1s.
You may need to request additional information from the K-1 issuer, if they don't have the PTP separately stated.
You may need to request additional information from the K-1 issuer, if they don't have the PTP separately stated.