schedule k1 box 20z

Forum|Forum|6 years ago
April 11, 2020
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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?

TurboTax Business Windows

DianeC958

Level 12

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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dms5011Author

Level 2

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

Level 12

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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