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- k1 line 20 states 199A loss but there is no 199A info in section A
k1 line 20 states 199A loss but there is no 199A info in section A
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shf1957
Level 7
04-10-2022
03:22 PM
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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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shf1957
Level 7
04-10-2022
03:30 PM
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I found section A I guess it's suspended until a future year when it has a profit...
