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Coolson
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Form 1041 Schedule K-1 - why is there no code Z to select from to enter the section 199A PTP income? How do I enter that information?

I am trying to enter the Schedule K-1 information I received relating to an investment in a publicly-traded partnership (PTP).  The Schedule K-1 includes information on line 20 with various codes indicated.  I have been able to input the information for all of the codes (e.g., codes A, N, U, 20V, 20 AB, etc.) except for code Z, since that is not listed as one of the options.  The program (Turbotax Business, which handles form 1041 for estates) does not specifically ask if there is code Z information, like it does for Turbotax Personal (which handles form 1040).  As such, how am I supposed to enter this information so that the beneficiaries of the estate receive all of the correct information they need on their Schedule K-1 they will receive from the estate?

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Accepted Solutions

Form 1041 Schedule K-1 - why is there no code Z to select from to enter the section 199A PTP income? How do I enter that information?

Enter this in Forms Mode directly on your K-1s. 

 

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1 Reply

Form 1041 Schedule K-1 - why is there no code Z to select from to enter the section 199A PTP income? How do I enter that information?

Enter this in Forms Mode directly on your K-1s. 

 

Untitled.png

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