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Schedule K-1 in Box 20 it has 2 lines - Z* "STMT" entered & next line AH* "STMT". What do I put here? corresponding Docs have several amounts for various things.

Line 20AH document has "8990 Gross Receipts for 2018, 2017and 2016" with a diff amount each year and an Adjusted Taxable Income amount.   and Box 20 Z document under Column A has an OBI amount, section 179 deduction amount, W-2 Wages amount and Qualified property amount.
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Schedule K-1 in Box 20 it has 2 lines - Z* "STMT" entered & next line AH* "STMT". What do I put here? corresponding Docs have several amounts for various things.

The code AH on Form 1065 Schedule K-1 is for "Other Information".  According to the instructions for code AH at this link, it can include certain specified information, or "Any other information you may need to file your return and not shown elsewhere on Schedule K-1".  For you, the information is being provided to complete Form 8990 for Limitation of Business Interest Under Section 163(j)See the Who Must File section on the first page of this PDF of Instructions for Form 8990 to see if ....

 

Enter the code Z when you enter the K-1 box 20 screen, but you don't need to enter an amount on that screen.  Continue on, and you'll eventually 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 must be completed in order for your K-1 QBI information to be correctly input into TurboTax. 

 

The OBI amount is "ordinary business income" and the Qualified property amount is "....UBIA of qualified property.

 

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.

 

Here is a screenshot of the "We need some information about your 199A income or loss" screen you need to enter the information from your K-1 Section 199A Statement/STMT:

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Employee Tax Expert

Schedule K-1 in Box 20 it has 2 lines - Z* "STMT" entered & next line AH* "STMT". What do I put here? corresponding Docs have several amounts for various things.

The code AH on Form 1065 Schedule K-1 is for "Other Information".  According to the instructions for code AH at this link, it can include certain specified information, or "Any other information you may need to file your return and not shown elsewhere on Schedule K-1".  For you, the information is being provided to complete Form 8990 for Limitation of Business Interest Under Section 163(j)See the Who Must File section on the first page of this PDF of Instructions for Form 8990 to see if ....

 

Enter the code Z when you enter the K-1 box 20 screen, but you don't need to enter an amount on that screen.  Continue on, and you'll eventually 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 must be completed in order for your K-1 QBI information to be correctly input into TurboTax. 

 

The OBI amount is "ordinary business income" and the Qualified property amount is "....UBIA of qualified property.

 

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.

 

Here is a screenshot of the "We need some information about your 199A income or loss" screen you need to enter the information from your K-1 Section 199A Statement/STMT:

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

View solution in original post