DavidS127
Expert Alumni

Get your taxes done using TurboTax

No, you don't necessarily need to delete the QBI Component forms linked to your K-1s. And, it sounds like one on the K-1 businesses passed you QBI in 2018 that was not "used" and is being carried forward to 2019.

 

If your partnership Form 1065 Schedule K has a box 20 with code Z and an associated Section 199A Statement or STMT (sometimes labelled Statement A), enter the code Z when you enter the K-1 box 20 screen, but you don't need to enter an amount.  Continue on, and you'll find two screens:  "We need some information about your 199A income or loss" and "Let's check for some uncommon adjustments".  When you check the box next to a category on those screens, a place will open up to enter your amounts.  These screens (if applicable to the amount(s) on your Statement/STMT) must be completed in order for your box 20 code Z information to be correctly input into TurboTax. 

 

To get back to the K-1 summary screen and find the Schedule K-1 to edit, click the "magnifying glass Search" icon on the top row, enter "k-1" in the search window and press return or enter, and then click on the "Jump to k-1" link to find the K-1 you need to edit.

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