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1065 Sch K-1 Box 20 Code Z with STMT
On my 1065 Schedule K-1, I have code Z in Box 20 with STMT. However, when I review the attached K-1 statement , I see two lines of entry for code Z: there's an amount for "ordinary income" and a separate line for "unadjusted basis." Which of these should I enter for code Z in Turbotax for my individual tax?
‎February 24, 2024
4:30 PM