VenuR
Level 3
04-08-2025
03:48 PM
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The Partnership Schedule K-1 shows:
Line 1. $402,387
Line 20. Z 1,263,447
Section 199A Footnotes:
Engaged Directly
Section 199A Income: 402,470
Section 199A unadjusted Basis: 860,977
When I am at Line 20Z in Schedule K-1, I don't know whether I need to enter $1,263,447 (which has a Z code in Line 20) or $402,470 (Section 199A income shown in the footnote) and then where would the Section 199A unadjusted Basis would go. Thanks for the help.
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