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New Member
posted Apr 4, 2025 12:55:32 PM

K-1 Box 20 iss marked Z* STMT

TurboTax doesn't have Z* code and only allows for ##'s in Amount

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1 Replies
Expert Alumni
Apr 6, 2025 11:51:02 AM

The asterisk "*" for Box 20 Code Z indicates there is additional information provided with Schedule K-1. Look for Statement A (QBI Pass-Through Entity Reporting) with Schedule K-1 that provides specific information for Line 20 Code Z.

 

When entering your K-1, check that it has Box 20 Code Z. You don't need to enter any amount for Code Z. 

  1. Continue with the interview until you see "We see you have Section 199A information."
  2. Check the box that applies (usually the first option).
  3. On the page "We need some information about your 199A income," be sure to check the first box and enter at least one type of income.
  4. Check any other boxes that appear on Statement A and enter the related amount.
  5. Continue back to the K-1 summary page.