How do I correctly enter SECTION 199A INFORMATION, BOX 20, CODE Z?
I received a Schedule K-1 and in BOX 20 I have a Z with *STMT. I entered Z and it wants me to enter amount from the SECTION 199A INFORMATION, BOX 20, CODE Z.
When I look at my Statement SECTION 199A INFORMATION, BOX 20, CODE Z, this is what I received:
SCHEDULE K-1 SECTION 199A INFORMATION, BOX 20, CODE Z
DESCRIPTION AMOUNT
ORDINARY INCOME (LOSS) -24,218.
UNADJUSTED BASIS OF ASSETS 23,534
Which of these numbers (Ordinary income Loss or Unadjusted Basis of Assets) do I enter for the amount in BOX 20 Z Section 199A information?