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Business & farm
OK, I am in the same situation.
I have a K-1 (Form 1065) with Box 20 = Z * STMT.
So, what is taken from the statement to put here?
Statement page:
Schedule K-1 Section 199A Info Box 20, Code Z
Description: Amount
Trade or Business Hospitality
Ordinary Income (Loss) 1234
W-2 Wages 4567
Unadjusted Basis of Assets 7890
So do I sum them, or take an average
3 numbers on the statement...not sure what to put in box 20
Would some one help?
Thanks,
Jon,
‎July 3, 2020
10:35 AM