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Schedule K-1
Smart Check questions my entry of "Z" (highlighted in pink) as shown in box 20 of partnership K-1 because I have not entered any Section 199A income on Statement A. The Statement A I received shows no 199A income, only a section 1231 gain which was entered in box 10 of the K-1. If I remove the entry of "Z" on the K-1 the problem goes away and there does not seem to be any effect either way on my tax due.
‎April 4, 2022
2:34 PM