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Held stock in partnership for three months, then converted to regular corp, box 20- Z shows "0" TT won't accept

My wife bought this stock in a partnership. After three months of ownership, it converted into a "regular" corporation.

 

The K-1 form has codes "V" and "Z" with respective values of "-1" and "0".

 

TurboTax will not accept the ")" without further information, supposedly on a "Statement A" that should have been included with the K-1.

 

There was no Statement A.

 

Not sure what to do here.

 

Can I disregard the code Z?

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2 Replies

Held stock in partnership for three months, then converted to regular corp, box 20- Z shows "0" TT won't accept

Looks like I typo'd the "0" for the box 20 Z code.

 

The K-1 came with an instruction page.

It shows guidance for the "V" code in box 20 but nothing for the "Z".

 

Held stock in partnership for three months, then converted to regular corp, box 20- Z shows "0" TT won't accept

There's no need to enter the 20Z $0 value.

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Use any advice accordingly!
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