Correct. Box 20 and code Z.
If a Qualified Business Income Deduction is available, the preparer of the K-1 would prepare a statement supplying information you would need to generate the deduction.
IRS Form K-1 (1065) Partnership Instructions page 17 states:
Code Z
Section 199A information. Generally, you may be allowed a deduction of up to 20% of your net qualified business income (QBI) plus 20% of your qualified REIT dividends, also known as section 199A dividends, and qualified PTP income from your partnership. The partnership will provide the information you need to figure your deduction. Use one of these forms to figure your QBI deduction.
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