Get your taxes done using TurboTax

The IRS made extensive changes to coding for several boxes on Schedule K-1. The detail for Schedule K-1 Box 13 Code ZZ may be added to Schedule E, page 2, only in TurboTax Desktop. If you're using TurboTax Online, you'll need to make a manual entry of a miscellaneous expense for a related Schedule E property.

In TurboTax for Desktop:

1. Open your return and click the Forms icon in the TurboTax header. 
2. In the list of Forms in My Return on the left, find K-1 Partner for the partnership with Box 13 Code ZZ and click on the form name to open it in the large window. 
3. Scroll down to Line 13. If you entered Code ZZ, this should already be on the first line. Otherwise, use the drop-down box to choose Code ZZ.
4. Click the QuickZoom link under Box 13 for codes R and W to ZZ. A supplemental form will open.
5. On Line 4 under Code W to ZZ, enter the amount in the box to the right. Notice this line is used to reduce income(loss) in Box 1.
6. Click Step-by-Step in the header to return to the main screens.

[edited line number 4/6/2024 | 7:22 am PDT]