turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I'm receiving this warning "Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A" despite of providing all the details

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

6 Replies
DawnC
Employee Tax Expert

I'm receiving this warning "Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A" despite of providing all the details

After you check the box for Line 20 and enter Code Z, you are asked about Unreimbursed Partnership Expenses and then on the next screen, you asked to enter the details of your 199A income.   Return to the K-1 entry screen and enter the amounts from your supplemental statement.  

 

Since you have code Z in box 20 on this K-1, you must enter at least one of the following from your Schedule K-1's Statement A in order to qualify for the Qualified Business Income Deduction:

 

-Ordinary business income (loss)
-Rental income (loss)
-Royalty income (loss)
-Other income (loss)
-REIT Dividends
 

The will see the following screens after entering code Z in Box 20. 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I'm receiving this warning "Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A" despite of providing all the details

Thanks for the response. I did select first option "The income comes from the partnership that generated this K-1" for "We see you have section 199A income" and "xxxxx has other deductions" for the next question. I had also provided the amount for xxxxx has other deductions". 

Still I'm receiving this warning

PatriciaV
Employee Tax Expert

I'm receiving this warning "Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A" despite of providing all the details

Note that you must enter income or loss on the page "We need some information about your 199a income."

 

  1. Click the box for "My Partnership has business income (loss)..."
  2. Enter an amount in one of the boxes that appear.
  3. If you have other 199A information to enter (other deductions, UBIA, etc.), check the related box and enter those amounts as well.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I'm receiving this warning "Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A" despite of providing all the details

I have entered "Other Deductions" from my 199-A form. Is it also necessary to enter "Ordinary business income(loss), even though I only have"Other Deductions"?

RobertB4444
Employee Tax Expert

I'm receiving this warning "Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A" despite of providing all the details

Yes.  Just enter zeroes there.

 

@yaswanthpusala 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

I'm receiving this warning "Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A" despite of providing all the details

That worked, thank you

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question