
Anonymous
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Business & farm
Yes, that's the one I was referring to. I also read in IRS form that Code Z.
Also Turbo Tax is confusing as far as how to enter the items from STMT (I see another thread where people are asking and the question is unanswered). So I just defaulted to K-1's that do not include Code Z* STMT and instead created ones that are Code Z (that's what Schedule K-1 instructions specify) and I am including a statement anyway in case IRS wants to see the breakdown. There's no difference in the taxation so that seems good enough and aligned with what the official instructions state.
March 3, 2020
4:26 PM