Question

2024 1040: entering K-1 line 20 code z re real estate; on 1040 entry what gets entered for code z?

Forum|Forum|1 year ago
March 24, 2025
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In 2024 the K-1 from a 1065 with rentals has more sections. I can't figure what to add up etc from my 1065 k-1 that has a dozen rentals and enter into my 1040 K-1 questionair. The k-1 has a section A - QBI pass through reporting. Then each rental with some numbers.

I'm trying to enter this K-1 into my 1040 questionair that just has a single entry for line 20 code z. How do I add things up from the 2024 more expanded k-1?

In the 1065's k-1 section A each rental has numbers for: Rental income, UBIA of qualified property. About a dozen rentals are listed each with these 2 numbers.

tnx curt

TurboTax Home & Biz Windows

D

DianeW777

The rental income, the unadjusted basis of assets immediately after acquisition (UBIA) and the qualified business income (QBI) deduction can be entered into the 1065-K1 as follows.

Where do I enter a Schedule K-1 I received?

Line 2: Rental income
Line 20: QBI (also known as Section 199A) - Select Code Z - Continue to follow the screens to the UBIA
Line 20: UBIA -Follow up question

See the images below to enter your information for 2 and 3 above.