I am a partner in several businesses. I am a active member in this particular company but do not draw a wage or guaranteed payments. CPA prepared the return. K-1 in Box 20, Z has the following items:
1. Ordinary Income (Loss)
2. Section 1231 gain (Loss)
3. Other income (loss)
4. Self-employment earnings (loss) - this number is also reported in Box 14 (A).
5. W-2 wages
Turbo tax has an area to report all of the above for Box 20, Z other than Self-employment earnings.
