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Using desktop premier and entering in 1065 schedule K1. I entered 6 entries in box 20 then 2 pages later asks to enter box 20 other information amounts. What is this?

Says Fill in the dollar amount of the credit reported on Box 20 of schedule K1. Entries with codes were done two pages prior. What is this?
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2 Replies
PatriciaV
Employee Tax Expert

Using desktop premier and entering in 1065 schedule K1. I entered 6 entries in box 20 then 2 pages later asks to enter box 20 other information amounts. What is this?

When entering Schedule K-1 (1065), you don't need to enter any amount for Box 20 Code Z on the first page. The extended detail from your Statement A is entered on several screens that provide spaces for each detail line. Note that on any entry box, you can right-click and enter additional information in table form, which is then totaled in the box.

  1. Continue with the interview (this may be several screens later) until you see "We see you have Section 199A information."
  2. Check the box that applies (usually the first option - income comes from this partnership).
  3. On the page "We need some information about your 199A income," be sure to check the first box and enter at least one type of income.
  4. Check any other boxes that appear on Statement A and enter the related amount.
  5. Be sure to complete the entire interview, especially the question "Do you want to provide more info about [partnership] in case it's needed later?"
  6. You are not finished until you return to the K-1 summary page.
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Using desktop premier and entering in 1065 schedule K1. I entered 6 entries in box 20 then 2 pages later asks to enter box 20 other information amounts. What is this?

Thank you.  Makes sense even....Appreciate it

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