KathrynG3
Expert Alumni

Get your taxes done using TurboTax

Revisit your partnership interview.

For Box 20 Item Z: the 2019 IRS Instructions for Form 1065 Partnerships states: 

  • page 1: "Box 20—Codes Z through AD that were previously used to report section 199A information have been changed. Only code Z will be used to report section 199A information."
  • page 47: "Partnerships should use Statement A—QBI Pass-Through Entity Reporting, or a substantially similar statement, to report information for each partner’s distributive share from each trade or business, including QBI items, W-2 wages, UBIA of qualified property, qualified PTP items, and section 199A dividends by attaching the completed statement(s) to each partner’s Schedule K-1. The partnership should also use Statement A to report each partner’s distributive share of QBI items, W-2 wages, UBIA of qualified property, qualified PTP items, and section 199A dividends reported to the partnership by another entity.

Please see screenshots below. You will be asked a series of questions that you can answer based on the Schedule K-1 you received. There should be a statement attached that will provide you with the information you need to answer the questions.

Apparently, your answer needs to be YES at the screen above, "We're almost done" which would be that your taxable income might exceed a threshold. If you were to answer no, you would not be providing the details requested that appear to be generating the error.

 

See below for the next screen after answering YES. There are intricacies to the Section 199A that TurboTax needs to calculate based on your details. Answer the questions depending on your circumstances.

Continue on through the questions.