ssh9
Returning Member

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?