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TurboTax keeps telling me to fix a problem with K-1 Statement A, but won't let me edit anything on the form. How do I update Statement A to get past this issue?

Specifically, it says: "Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A." I've gone back through the prompts a dozen times to find a place to enter this information, but it never asks for it. And the form is shows on the "Check This Entry" screen doesn't have any editable fields, so I can't manually enter the amount.
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1 Best answer

Accepted Solutions
JamesG1
Expert Alumni

TurboTax keeps telling me to fix a problem with K-1 Statement A, but won't let me edit anything on the form. How do I update Statement A to get past this issue?

Follow these steps to report 199A income from your partnership K-1. 

 

  • At the screen Enter Box 20 info, select code Z Section 199A information.  No amount is entered.
  • Click Continue.
  • At the screen We need some information about your 199A income, you may need to enter the following information:
  •    Ordinary business income (loss) from this business, or
  •    Rental income

Enter these values for the qualified business income deduction to be calculated.  The preparer of the K-1 information should have generated information for you. 


 

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1 Reply
JamesG1
Expert Alumni

TurboTax keeps telling me to fix a problem with K-1 Statement A, but won't let me edit anything on the form. How do I update Statement A to get past this issue?

Follow these steps to report 199A income from your partnership K-1. 

 

  • At the screen Enter Box 20 info, select code Z Section 199A information.  No amount is entered.
  • Click Continue.
  • At the screen We need some information about your 199A income, you may need to enter the following information:
  •    Ordinary business income (loss) from this business, or
  •    Rental income

Enter these values for the qualified business income deduction to be calculated.  The preparer of the K-1 information should have generated information for you. 


 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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