Business & farm

Hi @DavidS127,

I'm preparing Form 1041 for a trust. I am processing a Schedule K-1 (Form 1065) in TurboTax Business.

Why has TurboTax labelled Section B1 as "Statement A Information" instead of "Section 199A Information"? See first screenshot.

The K-1 (Form 1065) published by the IRS describes Box 20 Code Z information as Section 199A Information! See second screenshot whose source was this file, last page.

Thank you.

Worksheet for Schedule K-1 (Form 1065) 

Screenshot for IRS Instructions for Sch K-1 (Form 1065)