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How do I correctly enter SECTION 199A INFORMATION, BOX 20, CODE Z

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?

 

 

 

 

 

 

 

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1 Reply
jhk847
New Member

How do I correctly enter SECTION 199A INFORMATION, BOX 20, CODE Z

I am in the same situation.  Did you ever get an answer to this?

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