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Investors & landlords
Even though you do not have income, you may still see income in other boxes or a carryover from last year.
Using the step by step Turbo Tax method, do not enter anything in box 20Z. As you continue you will reach a screen asking for box 20Z details. From the supplemental information provided along with you K-1 schedule information, enter each of the 20Z items in this form. This way, even though you will not get any benefit for this year, it will carry forward to next years Turbo Tax and will allow you to get any adjustment due when you finally sell your position in the future.
More important, it will allow you to complete this years Turbo Tax, without creating an error message, so that you can file your 2020 Tax Return, (Federal and State).