URGENT:
There is a K-1 with multiple pass-through entities' 199A info. How do I enter them on Form 1040?
Thank you all in advance!!!
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Yes. It does. However, it only lets me input one entity's info. I don't know how to enter the rest of 10 entities' info.
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Per the Statement in Section D1I you have to enter K1s for all 10 entities..
This is what I ended up with doing. Totaling all 11 entities' 199A QBI related items.
Do you mean by adding 10 more K-1s just for 199A purpose? The taxpayer only received one K-1 from one entity though.
Yes 10 more K1s but only use the 199A section don't enter any of the other amounts
Got it. Thanks.
