- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
@ericbroder Per Expert @DavidS127:
"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.
You don't need an amount on the box 20 line of the K-1 for your QBI to calculate. The QBI calculation is "driven" from the entries in Sections D1 and D2 of that K-1 Partner form.
Click this link for more info on K-1 Line 20 Code Z.
This link has instructions on How to Enter Form K-1.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 2, 2021
4:55 PM