SusanY1
Expert Alumni

Retirement tax questions

Code Z in Box 20 indicates that there is a statement with additional information.  See the statement on your K-1 for the Section 199A information.  Then return to the K-1 entry section of TurboTax, and select Edit. 

Go back through this entry area.  After you select Done you should see a screen that reads "We see you have Section 199A Income".  It will look like this:


You will most likely select the first option here.  You will then see additional screens to help you enter information from the statement that should accompany your K-1 and provide this detail.  The detail typically includes items such as Business income, W-2 wages, and/or "UBIA"  (Unadjusted Basis Immediately After Acquisition) of property. 

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