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What number to fill in for box 20 code Z of K-1 in TurboTax?
STMT is written next to code Z of Box 20 in the K-1 I received. In Statement A, only 3 numbers are written in following 3 rows. Other rows are empty. Followings are some example numbers in those 3 rows.
Ordinary business income (loss) -20,000
W-2 wages 9,000
UBIA of qualified property 100,000
TurboTax is asking to fill in the code and dollar amount reported on box 20. With the above example numbers, what number should I fill in as the dollar amount for code Z of box 20 in TurboTax?
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‎April 14, 2023
9:00 AM