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Enter the code Z when you enter the K-1 box 20 screen, but you don't need to enter an amount on that box 20 screen. Continue on, and you'll find the screen "We need some more information about your 199A income or loss". When you check the box next to a category on that screen, a place will open up to enter the amounts from the Statement or STMT that came with your K-1. The applicable category (or categories) on this screen (and the following "Let's check for some uncommon adjustments" screen, if applicable) must be completed in order for your K-1 QBI information to be correctly input into TurboTax.
To get back to the K-1 summary screen and find the Schedule K-1 to enter or 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.
Here are the "We need some information about your 199A income or loss" and "Let's check for some uncommon adjustments" screens where you enter the information from your K-1 Section 199A Statement/STMT:
I did exactly as you described, hit CONTINUE, and... nothing. No amount is generated and it show up as an error on the Turbotax Federal Review.
I have the same problem - these instructions by David s127 are generating an error. Repeated questions again. Took whole K! off the tax return and put it back again. Still an error for the 202 return. I am using Home and business version software.
Maybe these steps will be helpful to report 199A income from your partnership K-1.
Enter these values. In a couple screens you should reach Great News! You get a tax break.
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