PatriciaV
Expert Alumni

Business & farm

It depends on what is reported in the Supplemental Information for Schedule K-1. Because information from Box 13 Code ZZ is left for the taxpayer to manually enter on appropriate tax forms (as needed), your entries for Code ZZ will have no effect on your tax return. In most cases, you can omit Code ZZ (and amounts) entirely. TurboTax will not use entries you do make for Code ZZ.

 

If you don't recognize or understand the code sections and other supplemental information for Code ZZ, you may need to consult a tax professional for assistance. It's possible these amounts may not affect your taxable income this year or may simply add/subtract from your partnership basis.

 

You may also consider upgrading to TurboTax Live. This online service provides step-by-step guidance from a tax expert whenever you need assistance, either over the phone or by screensharing.

 

@skdoo800

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"