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What is 199A income when the 1065-K1 line 20 has code Z, while the attached statement does not have Section 199A dividends?
I used TurboTax business for my LLC and generated a k1 form. The line 20 of the K1 has a code Z, however, in the attached statement A, there is a blank under Section 199A dividends without a value. When I entered this K1 into TurboTax premier for my personal tax, there was an error: Section 199A Dividends requires a value. However, I tried a few times using TurboTax business, but couldn't get a different K1. I 'm confused, was TurboTax business created a wrong K1 or the TurboTax Premier interpreted the K1 incorrectly? How can I get rid of this error? Thanks!
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March 16, 2023
1:37 PM