- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
How do I correctly enter Sch K-1, Box 20, Code Z, Section 199A information? Section 199A has Net rental real estate income (loss) and Qualified property.
On Schedule K-1, Box 20, I have codes N, Z, and AG. A statement is provided showing one value for N, two values for AG (for 2021 and 2020). Schedule K-1, Box 20, Code Z - Section 199A information shows values for Net rental real estate income (loss) and Qualified property. It seems that I get this information entered, and the Net rental real estate income (loss) value shows up on the Z line when TT asks me to "check this entry," but TT keeps flagging this with the message "Sch K-1 Wks-Partnership (Company Name): Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A." and " * Not provided for in program. Manually enter on appropriate tax form." The information appears correct to me, but TT will not allow me to file as it continues to flag this as an error or incomplete information.
Topics:
‎February 26, 2023
10:25 PM