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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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PatriciaV
Expert Alumni

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?

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.

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