In the section for entering Section 199A Information, Box 20, Code Z from K-1, where do you enter Self-employment Earnings (Loss)? I do not see a section for that entry.

[Critter-3]

Is that K-1 form from your only  business ?   Is it an S-Corp ?   If so you should have paid yourself wages and issued yourself a W-2 form as well as the K-1.  

Or do you also need to fill in a Sch C  for another business ?  

[rickotheremail]

I am a partner in several businesses.  I am a active member in this particular company but do not draw a wage or guaranteed payments.  CPA prepared the return.  K-1 in Box 20, Z has the following items:

1. Ordinary Income (Loss)

2. Section 1231 gain (Loss)

3. Other income (loss)

4. Self-employment earnings (loss) - this number is also reported in Box 14 (A).

5. W-2 wages

Turbo tax has an area to report all of the above for Box 20, Z other than Self-employment earnings.

[Mike9241]

there are three basic items used to compute the 199A deduction

1) qualified business income for a 1065 k-1 would generally be on lines 1,2 or 3 less any section 179 deduction (this is what Turbotax wants) and also reduced for items not on those lines as follows:

50% of SE tax, SE health insurance, qualified retirement plan contributions associated with the business and any other business expenses deducted that relate to it (like a home office deduction). turbotax does this calculation based on other entries

2) w-2 wages

3) and unadjusted basis of qualified property. 

self-employment income may or may not be the same as qualified business income

3) is defined as follows

The term “qualified property” means, with respect to any qualified trade or business for a taxable year, tangible property of a character subject to the allowance for depreciation under section 167—
(i)which is held by, and available for use in, the qualified trade or business at the close of the taxable year,
(ii)which is used at any point during the taxable year in the production of qualified business income, and
(iii)the depreciable period for which has not ended before the close of the taxable year.
(B)Depreciable period
The term “depreciable period” means, with respect to qualified property of a taxpayer, the period beginning on the date the property was first placed in service by the taxpayer and ending on the later of—
(i)the date that is 10 years after such date, or
(ii)the last day of the last full year in the applicable recovery period that would apply to the property under section 168 (determined without regard to subsection (g) thereof).

[bowwow]

Did you ever figure out the answer to this? I have a similar situation. @rickotheremail 

[weibelt]

On your K-1 , line 4 is guaranteed payments. 

This line is automatically incorporated into the Qualified Business Income calculations.

Section 199A Information, Box 20, Code Z is informational only. It provides some additional information that you may or may not need for your taxes

Health insurance premiums paid for at the entity level are guaranteed payments, and the accountants filling out the K-1 should have included them in the line 4 number. You do not need to add this number in the 199A section.

(this is what it was for me, it might be possible to be different for someone else)