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Get your taxes done using TurboTax
I'm a little confused on my K-1s. I keep getting an error that says " Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A".
There is another thread on this error, and the suggestions have been to leave the box blank on Code Z and enter the values somewhere else, or removing the Code Z altogether.
First off, what is Statement A? Is that the page where it asks "Any Qualified Business Income (QBI) carryovers? If so, what value goes here?
Theer is also a second screen where it asks "We need some information about your 199A Income? Is that for QBI? What do I do at this screen?
‎April 15, 2022
5:58 AM