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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.
‎April 6, 2020
1:11 PM