Box 20 Code Z selected but no section 199A income entered on statement A. Where/what is Statement A?

Forum|Forum|6 years ago
July 7, 2020
1 reply
9 views

Z is negative amount.

TurboTax Premier Online

dmertz

Level 15

Select code Z but leave the amount blank. TurboTax will later present the "We need some information about your 199A income" page where you can mark the appropriate boxes and enter the section 199A details from the Schedule K-1 (Form 1065). TurboTax will use this information to prepare Statement A which will be attached to the back of your tax return.

PostFallsAuthor

Level 2

I have the online premier and it gives me no opportunity to enter the 199A income(loss) on the review. Quickzoom doesn't work. How can I delete the Box 20 Z?

dmertz

Level 15

Revisit the Schedule K-1 entry and make any changes there. To delete the code-Z entry, delete any amount you might have entered for the code-Z entry and change the code-Z selection to the blank item at the top of the selection list.