- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
If your 20Z value is 0, don't enter it that line. Otherwise, entering a number for line 20Z triggers TT to ask about "Section 199A income" later in the interview. You have to complete these screens, particularly the one that says "We need some information about your 199A income" which asks for numbers off of "Statement A".
Note that not every K-1 is going to come with a Statement A. If you don't have one, the values you need (like Ordinary business income) will come from the K-1.
**Say "Thanks" by clicking the thumb icon in a post
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
**Note also, I'm not a Tax Preparer/CPA. Just a volunteer, seasoned, TurboTax user.
Use any advice accordingly!
‎April 14, 2022
9:19 AM