Thanks for your answer, Patricia.
> Also, check the code for the ordinary income.
> In most cases, both entries are made under Code AJ.
> The IRS made significant changes to Schedule K-1
> codes this year and it's possible the old code was used
> instead of the new one.
I think Box Z is correct?
On the next page, the K-1 says,
SCHEDULE K-1 SECTION 199A INFORMATION, BOX 20, CODE Z
TRADE OR BUSINESS - ORDINARY INCOME (LOSS) [_amount_]
And as per IRS instructions for Schedule K-1 at https://www.irs.gov/pub/irs-pdf/i1065sk1.pdf it seems Code Z is the right code for Section 199A information.
Based on the above, should I keep this entry under code Z or rename it to code AJ as per your suggestion above?
