When I do the final review and also in trying to file I get this message. Sch K1 Wks-Partnerships --- Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A. When I dropdown to the thing to enter it states "no form for individual returns. I am unable to file until I can correct it. This 199A is a investment, I am a Domestic Partner and have entered an amount in box 20 in which I have always other years but I used Turbo Tax Premier previous years. I got this version by mistake.
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Partnership K-1 box 20 needs to be completed for the software to invoke 199A qualified business income deduction calculation.
The 199A is listed as Publicly Traded Partnership (PTP) income, which is a negative value.
Ordinary business income (loss) from this business is entered.
W-2 wages for this business. No information for that listed.
UBI of qualified property for this business. I do not see anything like that.
As I said I have filled out my K1 the same way for several years only in Turbo Tax Premier, This year I am using Home and Business, this seems to be the problem. as I looked at previous years I find that all is filled in the same.
If you are familiar with the Tax package from Enterprise Products Partners L.P. for Partner's Share of income, Deductions; it may help in what I need to do to get around this.
Here is the order that should appear in your return in Box 20
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