dhva
Level 1

Retirement tax questions

I am lost here with the same problem. I have a K1 for which there are no entries in any box except for box 20. In Box 20 code Z, it says STMT. In the Statement, everything is mostly 0, but I see an entry "SECTION 199A UBIA OF QUALIFIED PROPERTY" with a value of 1. Is this just too small to bother reporting? I think this is wanting there to have been some actual income, but there is none to report on this K1... As such, I'm stuck in a state where TurboTax thinks I have an error.