Coco2020
New Member

Get your taxes done using TurboTax

I called TurboTax to get the answer for my case. Line 20Z on my K-1, quoted Qualified Business Income (QBI), W-2 wages and Unadjusted basis of qualified property (UBIA). I had to go to the end of the K-1 review where it asks more about Section 199A income. There is a question where it says it needs more information about your 199A income. I had to make sure everything that was listed for box 20Z was checked off in the section. I had to check off business income for the QBI and enter that amount. I had to check off W-2 wages and enter that amount. And I had to check off UBIA of qualified property for the UBIA and enter that amount. Once I did that the error went away and my forms were correct when I went back to see if everything was where it should be. Hope this helps!