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Entering K-1 box 20 code z information
I have a Schedule K-1 (Form 1065) with the following entries in box 20:
A ……3,200
Z …….*STMT
When I look at the attached Statement A, there is an entry for Section 1231 Gain (Loss), but no entry for Section 199A Dividends. So I enter this info in TurboTax for box 20
When TurboTax runs its final check, it tells me there is an error because “Box 20 Code Z has been selected but no income has been entered on Statement A”. I get this same error if the amount if leave blank or if I insert 0.
What am I missing?
February 26, 2023
2:10 PM