My K-1 Line 20 Z (199A) lists 4 different companies with various answers for QBI and UBIA. The software asks for my main K-1 information then when I get to line 20 I only have the option to enter for 1. If I create a different K-1 for each listed company venture for Line 20 Z aren't I entering the main page information 3…
I am trying to enter information from the sale of units in a partnership. According to https://www.freetaxusa.com/forms-federal you support “Partnership or S corporation income (Schedule K-1)” form 1065 and you also support federal forms 4797, and 8949. On the same page at the bottom under "Items not Supported", I don’t…
I entered all of my tax forms in FreeTaxUSA, every one of them except the Schedule K1, which I finally got recently and the moment I started entering it, as soon as I selected that it is for a publicly traded partnership (PTP), FreeTaxUSA said, we do not support publicly traded partnerships. Bummer! I was able to continue…
Hi, I’m a >2% shareholder in an S-Corp and need to claim the self-employed health insurance deduction (Form 7206). I received a K-1 from the S-Corp. I tried entering the health insurance amount during the K-1 interview when it asked for health insurance premiums, but the deduction doesn’t get placed on any form (for…
I am a 20% owner of a small S Corp. When my father passed this year, my shares in the S Corp increased to 25%. I cannot find any way in FreeTaxUSA to fill in line 3m of Form 7203 "other items that increase stock basis." It only give me an option to show a reduction in my stock — not an increase. Where can I input this…
Hi community, I have a partnership form schedule K-1 for my immigration visa program, which am I supposed to report every year. However, the value in boxes all show 0 and the software doesn't let me put this item down even after I have typed in all the details. I have copy C of 8805 for this to submit along with my federal…
Does FreeTaxUSA support Code AF in box 13 of the S-Corp K-1 form 1120-S? It's not listed in the dropdown as an option. My understanding is that it's similar to the AE code that is listed. If it's not supported are there any suggestions for reporting this code using FreeTaxUSA? For example, could I go into a forms mode and…
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