SusanY1
Expert Alumni

Investors & landlords

When entering a K-1 from a partnership on the partnership return (form 1065) please return to the page in TurboTax which reads "Identify Boxes That Have a Value" and check the box "Section B1 (Qualified Business Income Deduction)".  This will take you to where you can enter the details from the statement that should accompany your Box 20 code Z information so that it will flow properly on the tax return.  

 

The Code Z will not be on this worksheet, either, rather this is where you will enter the shares of QBI or PTP items subject to partner specific determinations.  You should see entry areas/lines that match your Statement A.  

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"