As you pointed out, the instructions and screenshots for entering a K-1 with line 20, code Z earlier in this "thread" are for the TurboTax individual tax return (Form 1040) products. The entry of a K-1 received from a partnership for a trust preparing Form 1041 will be different.
For a K-1 received by a trust preparing Form 1041, go to Forms mode (icon at top right in blue bar) and in the left column find the "K-1 Partner" form for the K-1 the trust received. Click on that K-1 Partner form and it will open up in the window. Scroll down to Section B1 and in the applicable boxes enter the information on the "box 20 code Z Section 199A Statement or "STMT" that came with that K-1.
@snester24
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