You'll need to sign in or create an account to connect with an expert.
there should be no entry on line 20 for 20z in addition on the k-1 worksheet in section D2 item A must be checked no.
The instructions from Community user HACKITOFF are correct for Forms mode. If you are working in TurboTax Online, you'll need to delete any amounts on the "We need some information about your 199A income or loss" and "Let's check for some uncommon adjustments" screen, and then remove the code Z (and any amount you entered for that) on the box 20 screen.
Why your partnership would send you a K-1 with a code Z for box 20 and then tell you Section 199A information does not need to be reported is puzzling.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
GRHORNS
New Member
dgsiegel
Returning Member
nono4taxes
Level 2
MLP_Banana
Level 3
maslinjarrod
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.