DavidS127
Expert Alumni

Business & farm

Enter the code Z when you enter the K-1 box 20, but you don't need to enter an amount. Keep going through the K-1 interview, and there is a screen near the end of the interview titled "We need some more information about your 199A income or loss".  That screen will have a place to "check off" the items you have, and enter an amount for each one.  This screen must be completed in order for your box 20 code Z information to be correctly input into TurboTax.

 

To get back to the K-1 summary screen and find the Schedule K-1 to edit, click the "magnifying glass Search" icon on the top row, enter "k-1" in the search window and press return or enter, and then click on the "Jump to k-1" link to find the K-1 you need to edit.

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