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DGlore
Returning Member

Schedule K-1, Box 20, Code Z Stmt calculations

For Box 20 do I simply enter the net amount of QBI, W-2 Wages and UBIA of qualified property in Box 20 with a Code Z?  I've attached my statement worksheet for review.  Thanks for the help...a little confused on this one.K1 Box 20 Code Z.jpg

2 Replies
DGlore
Returning Member

Schedule K-1, Box 20, Code Z Stmt calculations

So to answer my own question - I had to click on a "zoom" to statement A form and enter all of my numbers there.  Hopefully I did that correctly.

DavidS127
Expert Alumni

Schedule K-1, Box 20, Code Z Stmt calculations

Yes, that is the correct way to enter your K-1 Section 199A information in Forms mode of TurboTax Download/CD.

 

In both TurboTax Online and TurboTax Download you can enter Section 199A information in the Step-by-Step interview questions.  To do that, enter the code Z when you enter the K-1 box 20 screen, but you don't need to enter an amount on that screen Continue on, and you'll eventually find the screen  "We need some more information about your 199A income or loss".  When you check the box next to a category on that screen, a place will open up to enter the amounts from the Statement or STMT that came with your K-1.  The applicable category (or categories) on that screen, and the following "Let's check for some uncommon adjustments" screen (if applicable), is where you enter your your K-1 Section 199A Statement information in the interview questions.

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