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K-1 from 1065 line 20 showing Z* STMT

TurboTax will carry forward your suspended passive losses (assuming you use the product for the next tax year).


Again, depreciation is entered on Form 8825 at the partnership (1065) level; a Form 4562 will not be generated on your personal return from the K-1 entries.

K-1 from 1065 line 20 showing Z* STMT

Hello I have an amount of $2,092 in box box 20 A but TT is not recognizing this income.  How do I correct this please as I assume I have to pay tax on this amount.

Elizabeth Russo

Returning Member

K-1 from 1065 line 20 showing Z* STMT

Line 20A provides 'Other Information' on investment income, including interest and dividends, some of which will have already been reported in lines 5, 6a, 6b and/or 6c of the K-1. Filling in line 20A doesn't necessarily add income / duplicate income, but simply identifies for TT how / whether the particular investment income is taxed. For instance, Sec 199A dividends, i.e., dividend income qualifying for the qualified business income deduction, might be identified.

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