3610834
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Tax Law Changes - One Big Beautiful Bill on Aug 6! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

acipitijr
New Member

Form K-1 for Icahn Enterprises LP has 12 entries for Item 20ZZ, (20ZZ1-20ZZ12). The drop down menu in TurboTax has only one entry for item 20ZZ. How to enter the info?

It is possible to have more than one ZZ-Other entries, but that does not describe the items ZZ1-ZZ12 on the K-1.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
PatriciaV
Expert Alumni

Form K-1 for Icahn Enterprises LP has 12 entries for Item 20ZZ, (20ZZ1-20ZZ12). The drop down menu in TurboTax has only one entry for item 20ZZ. How to enter the info?

Because information from Box 20 Code ZZ is left for the taxpayer to manually enter on appropriate tax forms (as needed), how you enter these codes/amounts will have no effect on your tax return. In most cases, you can omit Code ZZ (and amounts) entirely. TurboTax will not use entries you do make for Code ZZ.

 

If you don't recognize or understand the code sections and other supplemental information for Code ZZ, you may need to consult a tax professional for assistance. It's possible these amounts may not affect your taxable income this year or may simply add/subtract from your partnership basis.

 

You may also consider upgrading to TurboTax Live. This online service provides step-by-step guidance from a tax expert whenever you need assistance, either over the phone or by screensharing.

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question