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- Re: Entry of Net rental real estate income for pass thru 199A entity
Entry of Net rental real estate income for pass thru 199A entity
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Longwood8
Level 1
10-07-2024
09:51 PM
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Client has K-1 income with multiple 199A pass through real estate investments. This is my first time using ProSeries. I see two places to enter the net rental real estate income into the K-1 Worksheet.
Part III, Line 2 - the general K-1 entry area
Section D1 - which is where the QBI info is entered.
Since it is all QBI do I enter the net rental income in only Section D-1 or in both places?
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1 Comment 1
IRonMaN
Level 15
10-08-2024
09:39 AM
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Sometimes instead of waiting for someone to maybe respond here, it isn't such a bad idea to enter information into the return and see what happens --------------- kinda like being brave enough to run with scissors. The worst that happens if you screw something up is to have to go back and delete the entries.
Slava Ukraini!
