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1065 K-1, Box 20 Code Z with STMT amount to be entered in TurboTax
I am assuming that for a "1065 K-1" with a Box 20 item that shows a code "*Z | STMT" but it leaves the amount blank, that I should enter into TurboTax a subtotal of the income and loss items listed in Statement A under section labeled "QBI or qualified PTP items subject to partner-specific determinations:" to accurately reflect my share of QBI for the QBID calculation. IS THIS CORRECT?
A short time later TurboTax will ask me about the other items on Statement A for W-2 Wages and UBIA of qualified property.
a week ago