Schedule K box 20 Z

[Wolpire]

On my section 199A, I have information for the following items:

• Ordinary income
• Section 179 deduction
• W-2 Wages
• Unadjusted Basis of assets
• Self-Employment Earnings

Everything has a place to be entered in TurboTax except for the Self-Employment earnings.  Does the Self-Employment earnings count as other income?  The amount matches the ordinary income listed on the 1099A.

[AliciaP1]

Your K-1 should also have box 14 marked with a code A and the amount of self-employment earnings listed.  You need to only enter your self-employment earnings here and not as part of your section 199A information.

[Wolpire]

That makes sense, thanks for your help!