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Level 1
posted Feb 9, 2021 5:23:53 PM

Schedule K-1, Section 199A, Box 20, Code Z: What do I enter in TT?

I have a description in my 199A called "SELF-EMPLOYMENT EARNINGS(LOSS)" with an amount of -79...  This doesn't match up with any of the descriptions on the "We need some information about your 199A income" screen.   Where should this go?

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1 Replies
Expert Alumni
Feb 14, 2021 11:54:14 AM

This is the amount of income from your K-1 that is qualified business income (QBI) for the qualified business income deduction (QBID).

Based on the box number in the question it is assumed you are referring to a 1065 K-1.

  1. First make sure that when you see the screen 'Check Boxes That Have an Amount' that you check box 20.
  2. Next, when Box 20 comes up, you want to select Z-Section 199A from the dropdown and then enter your amount 
    • If that amount is a negative then use the minus sign in front of the number to indicate that
  3. See the images below.