My K-1 had Qualified Business Income that I enter in Box 20 and also entered Code Z. The system is saying "no Section 199A income has been entered on statement A." I can't figure out how to fix the error. Any thoughts?
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Under wages & income, bring up the k-1 for review.
Cycle thru the screens until you reach the screen with the
header "Enter box 20 info". Verify that code Z with the descriptor and the amount are entered.
Then cycle thru several more screens until you reach the one with the header "Any qualified business Income (QBI) carryovers?" If there are any, verify that they are entered.
The next screen states "We see you have section 199a Income". Normally, the top line should be marked.
The next screen header "We need some info about your 199A income." This screen works with Statement A. So if its blank, insert the applicable data .
Then cycle thru until the end.
Here is the order that should appear in your return in Box 20
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