JamesG1
Expert Alumni

Investors & landlords

It depends.

 

IRS Form K-1 (1065) box 20 Code Z Section 199A Information may have been provided by the preparer of the K-1.

 

IRS Instructions page 17 states:

 

The partnership will provide the information you need to figure your deduction. Use one of these forms to figure your QBI deduction.....

 

If 199A information has been provided, report Code Z in box 20 to generate the qualified business income deduction.

 

If no 199A information has been provided, do not enter Code Z in box 20. 

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