My ET K-1 has the following entries for Line 20:
20 Other Information
A Investment Income
N Business Interest Expense - Already Deducted on Line 1
V Total Unrelated Business Taxable Income Included on Schedule K-1, Page 1
Z Section 199A PTP Income Included on Schedule K-1, Lines 1 and 2
AB Section 751 Gain (Loss)
AE Excess Taxable Income
AG Gross Receipts for Section 448(c)
ZZ1 UBTI Included on Schedule K-1, Lines 1 and 2
ZZ2 UBTI from Debt-Financed Dividend and Interest Income Included on Schedule K-1, Page 1
ZZ3 Depreciation Adjustment for Non-Conforming States
ZZ4 Section 1231 Gain (Loss) Adjustment for Non-Conforming States
ZZ5 AMT Depreciation Adjustment for Non-Conforming States
ZZ6 Entity-Level State Income Tax Included in Box 1
ZZ7 Gross Income from Operations
ZZ8 Partner Basis Items and Remedial Items for Section 163(j)
ZZ9 Partnership Interest Disposition Gain/(Loss) Adjustment for Section 163(j)
ZZ10 Nontaxable Adjustment to Capital Account
ZZ11 E&P Adjustment Due to Depreciation and Asset Sales
I entered these in the "Enter Box 20 Info" screen using the appropriate codes. For ZZ1...ZZ10, I selected code ZZ, then double-clicked the Amount field to bring up a pop-up, where I entered the description (e.g., for ZZ1, "UBTI Included on Schedule K-1, Lines 1 and 2") in the Description field and 3,001.00 in the Amount field.
After completing the "Enter Box 20 Info" screen, TurboTax opened the "Enter Box 20 Other Information Amounts" screen, which has two columns: Description and Amount.
What should I enter on this screen? Should I transfer the information for ZZ1...ZZ10 I entered in the previous screen to this one?
Thank you so much!
