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DeeVeeDGV
Returning Member

K-1 with multiple pass thru entities, all have the SAME EIN(diff from the main Partnership). How to enter Box 20 Code Z info

The K1 has only entry in Box 2 and Box 13 code A and Box20 Code AG, AH and Z. There are 15 pass thru entities all with the same EIN that have net rental real estate income, W2 wages and Qualified property values. Do I have to enter 1+15 K1s? If so what information  do I enter in the 15 K1s from the main K-1 sheet? Even if all pass thru entities have the same EIN, do we need to enter them separately?

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1 Reply
SwapnaM
Employee Tax Expert

K-1 with multiple pass thru entities, all have the SAME EIN(diff from the main Partnership). How to enter Box 20 Code Z info

@DeeVeeDGV  Thanks for the question!! In your case, you would need to enter the Main K1 with all the entries and also Box 20 Code Z info if applicable to the Main K1. Then you will enter the other 15 K1 info as a single K1(as all have the same EIN). Enter only the Box 20 code Z info for the K1. For both of these K-1s you need to enter, you'll see this TurboTax screen to indicate whether the income is from the partnership or from the passthrough entity.  Note that on the passthrough entity, you be asked for the name and EIN of that business. Please look at the community post below to see the Screenshots.

 

https://ttlc.intuit.com/community/state-taxes/discussion/how-to-enter-section-199a-information-that-...

 

 

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