The IRS made significant changes in Schedule K-1 for tax year 2023, adding dozens of new codes for several boxes. On Form 1065 Schedule K-1, Box 13 codes were expanded. Code W is no longer used for itemized deductions. Instead, these deductions are reported under Code Z.
When you made an entry for Box 13, Code Z, the program transferred the amount to the appropriate line on Schedule A under Taxes You Paid, usually Line 6.
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