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shf1957
Level 6
April 10, 2022
Question

k1 line 20 states 199A loss but there is no 199A info in section A

  • April 10, 2022
  • 1 reply
  • 5 views

Trying to figure out where section A is.

K1  on line 1 states a negative figure.

and states on line 20 Z* it's a 199A allowed loss but my program states : there is no income in section A.   What does this mean?  it showing on the 1040 as ZERO.. no loss.. no income.

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1 reply

shf1957
shf1957Author
Level 6
April 10, 2022

I found section A   I guess it's suspended until a future year when it has a profit...