Schedule K-1 form 1065 - Line 20 had amounts and codes entered. What is meant 2 steps after by fill in the dollar amounts of the credit reported in box 20 of schedule 1?

[Bogey1]

What is to be entered since amounts and codes were done two steps prior to this question?

[ThomasM125]

There are several codes in box 20 of a Form 1065 schedule K-1, can you clarify what code(s) you are dealing with so we can help you better?

[Gogravygo]

What if a *Z and then STATEMENT is on Line 20? -  What and where is the statement?

[JamesG1]

The provider of the K-1 should have included a Statement A which includes Section 199A information.

• At the screen Enter Box 20 Info, select Z-Section 199A information.  Leave Amount empty.  This tells the software that Section 199A information will need to be entered for the income previously reported.  Click Continue.
• At the screen We see you have Section 199A income, select the appropriate income description.  Click How would I know this? for more information.
• At the screen We need some information about your 199A income, select the appropriate income description and amount from the 199A detail provided with the K-1.  In some cases, you will also select and enter values for W-2 wages and UBIA of qualified property.  Click Continue.

 The information that is needed to complete the screen may be found on a Statement A attached to your K-1 information.

@Gogravygo