I am doing my S corporation tax return with turbotax business.
I received a schedule K1 from my partnership.
on my K1, in box 20, it says: Z* STMT.
I came to a step " enter box 20 information ", I select "Z" on Select Code drop box, I do not know which number should I enter....
I received Statement A- QBI Pass-through Entity Reporting(Schedule K-1, Box 20, Code Z) along with K-1.
But I do not know how to use the information in this statement, and cannot find anywhere in Turbotax to enter this statement information.
I will state an information on Statement A.
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Partner's share of : SSTB
QBI or qualified PTP items subject to partner-specific determinations:
ordinary business income(loss): (this number is same as in K-1 box1)
Section 179 deduction:(this number is same as in K-1 box 12)
Charitable contrubutions ATT.:(this number is same as in K-1 box 13)
W-2 wages : (this number is not found any elsewhere in K-1, and is less than number in K-1 box 4)
UBIA of qualified property :( this number is not found any elsewhere in K-1)
Section 199A dividends : blank box
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Please help !!!!
