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Received a K1 with six entries for Box 20 Item Z. Turbo tax only has one entry box. What do I do now?
The K-1 I received has entries Z1 through Z6 for K-1 Box 20, each with different dollar amounts. But TurboTax only provides one entry box for Item Z. So how do I enter all 6 of these amounts?
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Business & farm
Don't enter anything in the "Enter Amount" box for Box 20, Code Z-Other Information (see the attached sample screen, Box 20, Code Z)
Select "Continue".
The next screen will give you plenty of options for entering the Z1 to Z6 amounts. If the description isn't already displayed, you can type them in at the bottom. Don't enter "zeroes" or Codes with an amount of "zero".
Run out of lines at the bottom? Just press "Tab" key and a new line appears (see attached sample screen, Box 20, Code Z Amounts).
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I also have multiple entries for line 20Z (as well as 20AA), but when I leave the field blank as you indicated, I don't get a prompt to enter the details. Is it okay to enter the information like I've done below: