You'll need to put the information on your Statement A into the categories shown in the two screenshots later in this post.
Enter the code Z when you enter box 20 for the K-1, but you don't need to enter an amount. Continue on, and you'll find the two screens. When you check the box next to a category, a place will open up to enter your amounts. The applicable boxes on these two screens must be completed in order for your box 20 code Z information to be correctly input into TurboTax.
To get back to the K-1 summary screen and find the Schedule K-1 to edit, click the "magnifying glass Search" icon on the top row, enter "k-1" in the search window and press return or enter, and then click on the "Jump to k-1" link to find the K-1 you need to edit.
I have searched all of the 1065 software and have been unable to find what you have screenshot here. Last year my qbi information and my QBIA also was listed in box 20 (items z and ab respectively). This year neither are showing up and I’ve answered all the questions correctly. It just lists item z and see stmt. what statement I’ve no clue. Can’t find it. Any ideas? I need to file an amended return before I can file my individual returns.
The instructions and screenshots for entering a K-1 with line 20, code Z earlier in this "thread" are for the TurboTax individual tax return (Form 1040) products. The entry of a K-1 received by a partnership preparing Form 1065 will be different.
For a K-1 received by a partnership preparing Form 1065, go to Forms mode (icon at top right in blue bar) and in the left column find the "K-1 Partner" form for the K-1 the partnership received. Click on that K-1 Partner form and it will open up in the window. Scroll down to Section A and in the applicable boxes enter the information on the "box 20 code Z Section 199A Statement or "STMT" that came with that K-1.