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dms5011
Level 2

schedule k1 box 20z

Form 1065 Schedule K1 Box 20 Z  for the 199a adjustment just shows the word STMT with an * I have tried everything have no clue why a dollar amount is not showing  Anyone have a suggestion?  Do I need to calculate manually?

7 Replies
DianeC958
Expert Alumni

schedule k1 box 20z

You should have received with your K-1 a Statement with the information needed.  The statement looks like this.  If you did not receive this information with your K-1, you need to contact the preparer of the Partnership return to get this information.

 

@dms5011

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dms5011
Level 2

schedule k1 box 20z

the error is while i am trying to prepare my schedule k1 - i answer all the questions on the qualified business Income deductions and it will not calculate an amount it will only put the word STMT under box 20Z do u have any idea what i could be doing wrong

DianeC958
Expert Alumni

schedule k1 box 20z

In Box 20, once you put in the code Z, then you click Continue.  The program goes through and asks you specifically for the information you see on Statement A.  

 

You do not put an amount in Box 20 for the code Z.

 

@dms5011

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dms5011
Level 2

schedule k1 box 20z

thank you for the help I finally saw the other form   

ChrisReview
New Member

schedule k1 box 20z

I received the statement that looks like the image posted, and there are a couple of numbers in column A. But, how do I enter this into Turbotax, or convert them to the number I am supposed to enter for K1 line 20 code z. Please help/advise!

DianeC958
Expert Alumni

schedule k1 box 20z

Once you put in that you have Line 20 code Z, you continue through the screens and TurboTax shows you additional boxes to put in the information for the information on Statement A.

 

Just leave box 20 amount blank for the Code Z to get to the next screens.

 

@ChrisReview.

 

 

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Jlo12
Returning Member

schedule k1 box 20z

I have 4 numbers on the Statement A form - which of these numbers do I enter for the STMT in Box 20Z?

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