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Updated over 4 years ago, 05/11/2020

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1,887
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1,261
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Andrey Y.
  • Specialist
  • Honolulu, HI
1,261
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1,887
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QBI deductions - Tax considerations for K-1 syndication investors

Andrey Y.
  • Specialist
  • Honolulu, HI
Posted

Doing my taxes now. Have about 9 K-1s as an LP in syndications. I am able to put in all the info in the numbered Boxes, and at the very end, it asks me if there is a "Z code" in Box 20 (the first two syndications I am doing 2019 taxes for have this). A 'Statement A' for QBI deductions is attached.

Unfortunately, the H&R Block Premium software I am using asks all this, and then it tends me to talk to a tax pro after I say that my Statement A QBI deductions has info in multiple columns. So now I am stuck here. (Please see the attached 2 successive screenshots). The last screen just says 'talk to an HR Block tax pro'.

Will not persuing this further limit my tax treatment (how many deductions I get) ? 

For 2020 I will probably have 11-12 K-1s. I don't remember this QBI deductions / multiple columns thing at all for 2018 taxes. Any help is much appreciated guys.

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