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Get your taxes done using TurboTax
I think i know your issue. in Box 20, is there a "Z" listed but no amount. If so, you may need to perform these additional steps.
Here is the order that should appear in your return in Box 20
- if there is a Z, select Z in the drop down and leave the $ blank.
- Next screen asks about the risk. indicate you are at risk
- Then there will be a screen that appears that says, We see that you have 199A income.Here you have three choices to make. pick one that is applicable to you.
- Next screen will say we need some information about your 199A income. at the very bottom is a selection that says xxx has UBIA of qualified property. When you select that, then the screen will prompt you to put in a $ amount.
You may need to look at a disclosure statement that came with your K1 that has the additional information you need. If you don't have the information to report after performing the steps outlined above, the only thing you can do is remove the "Z" in the drop down and leave that entry blank. If you don't, you will continue to have these error messages.
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March 30, 2020
1:29 PM