dmertz
Level 15

Retirement tax questions

Revisit the Schedule K-1 section of TurboTax and edit the Schedule K-1, then be sure to step all the way through.  When you select code Z in box 20, leave the Enter Amount box blank and step past the We see you have Section 199A income to where TurboTax will ask for the types of code Z entries related to the Qualified Business Income from the partnership shown on the code Z statement included with your Schedule K-1.  After you make the dollar-amount entries for each of these, TurboTax will automatically prepare the missing statement.