I received a K-1 from a 1041. The K-1 has code I and Z with no amounts for either one, just the letters "STM" meaning there is a statement attached. I have two statements, Statement A and Statement C. Statement A is for QBI from a business and lists Ordinary Business Income of $1,000 and UBIA of Qualified Property of $6,000 (using round numbers). Statement C is for Qualified Coop Payments and shows Ordinary Business Income of $3,000 and Section 199A9g) Deduction of $287. Those are the only amounts reported on those statements. I've found where to enter those amounts later on in the K-1 input but towards the beginning of the input, TurboTax has a drop down list for each Box 14 code. When I select code Z from this drop down list, it then brings me to a section where it would like me to give a description for Code Z and enter the amount for Code Z. What amount should I use for this? I can also select Code Z from the drop down on more than 1 line if I need to add more than 1 description or amount for Code Z.
