Look through all your disclosure statements to see if there is information for you to put into Box 20, if so follow these directions.
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 are selections to make supporting the QBI deduction. These are contained in disclosures statements that came with the K1, usually in Statement A
If you still can't find the Statement, you either need to contact the issuer of your K1 or remove the V in Box 20 and not claim the QBI deduction. If you don't remove the V and leave Box 20 blank, you will continue to receive that error message.
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