ddiehr
Level 2

Question on 199A Special Allocations....
I have a partnership where 100% of everything needs to be allocated to one partner, however, the partners %'s for profit is 50/50. This year there is a loss.
I can allocation everything through special allocations except the two items below.

Box 20
Section 199A

  • AA  Wages
  • AB Unadjusted Basis

I tried to add to the special allocation but it doesn't bring up box 20. It only states AA Wages (entity) and there is zero amount to allocate.
Does anyone know how to use the special allocation to bring in these items from the K-1? Or is there another way to allocate to partners?? Thank you for any help on this!

Dawn

 

 

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