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Level 1
posted Mar 4, 2024 10:27:29 AM

I'm trying to enter K-1 Code 20Z - Section 199A PTP Income in TurboTax Business 2023 but there is no Code Z. How should I record this?

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1 Replies
Expert Alumni
Mar 5, 2024 8:05:58 AM

In TurboTax, check the box for Section B1 (Qualified Business Income Deduction) rather than Box 20. You will need to complete Section A (QBI) of the K-1 worksheet, which may be easier using Forms Mode.