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Level 2
September 13, 2024
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Error highlight of Box 20, code Z

  • September 13, 2024
  • 2 replies
  • 66 views

I've entered Box 20, Code Z, entered the net rental income as indicated on my Section 199A information, and I am still get sent back to the Box with Code Z in it, highlighted red. I've tried entering the total of all numbers on my 199A form, entering 0, and no entry, but still sent back. I am not being allowed to electronically file until this is dealt with. Help! The question i  similar to SidSkot on another post. 

Best answer by Mike9241

in forms mode you also wouldn't enter anything on line 20 code Z. rather below that is a line 20z that says it;'s for the 199A info, click the quickzoom link to enter the 199A info

 

in step mode

don't enter anything in box 20 coded z for QBI

continue on in Turbotax

you see a question Does your K-1 have a code Z in box 20

answer yes

answer the questions on the next page to the extent they apply then continue

now you should be on a page that says we need some information about your 199A income

check the line that says it has a business income or loss this is for the QBI income/loss. you see more lines open up so you can enter the loss on the rental income line

check other lines and enter amounts as applicable.

with a rental activity you'll probably have a number for the UBIA line 

 

No more error 

see how Turbotax can confuse users. that 20Z for line 20 shouldn't be there (I think( 

2 replies

Level 15
September 13, 2024
No text available
Mike9241
Level 15
Mike9241Level 15Answer
Level 15
September 14, 2024

in forms mode you also wouldn't enter anything on line 20 code Z. rather below that is a line 20z that says it;'s for the 199A info, click the quickzoom link to enter the 199A info

 

in step mode

don't enter anything in box 20 coded z for QBI

continue on in Turbotax

you see a question Does your K-1 have a code Z in box 20

answer yes

answer the questions on the next page to the extent they apply then continue

now you should be on a page that says we need some information about your 199A income

check the line that says it has a business income or loss this is for the QBI income/loss. you see more lines open up so you can enter the loss on the rental income line

check other lines and enter amounts as applicable.

with a rental activity you'll probably have a number for the UBIA line 

 

No more error 

see how Turbotax can confuse users. that 20Z for line 20 shouldn't be there (I think( 

Mike9241