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Business & farm
Thank you all for your answers on this thread. I'm stuck on this as well; and have spent over 6 hours trying to enter the numbers as 1 company and 3 companies; over and over again. Everytime TT gets stuck on smartcheck saying "Sch K1 Wks-Partnership (ET LP)": Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A". I'm an average person and absolutely do not understand what this means; and TT is not helping by cryptic either. :(
I'll dump using TT for 2021 and go to a CPA for this. And I'll sell off this stock I own immediately; so as not to get bogged down again next year. With COVID and loss of family members; I've realized there is much to life than owning such stocks and tax filing.
May 14, 2021
6:40 AM