Schedule K-1 - Turbo is asking me to fill in an amount on line 20 Other Information for Code Z Section 199A information. The code is typed on the form as follows: Z* STMT. What does that mean? My daughter & I are in a real estate investment partnership and our business taxes are prepared by a Tax preparer out of state. We are provided with the Schedule K-1 after our business taxes are prepared by them. I personally have a rental property that I have had for over 20 years and do not intend to include it in our partnership. Have I inadvertently answered something wrong in Turbo and intermingled my rental property with the partnership.
I need help. THANKS
