turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

PostFalls
Returning Member

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

Z is negative amount.
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

6 Replies
dmertz
Level 15

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

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.

PostFalls
Returning Member

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

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

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

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.

PostFalls
Returning Member

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

Thank you

DavidS127
Expert Alumni

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

Statement A is the TurboTax worksheet terminology for the Section 199A information reported on the Statement or STMT for your box 20 code Z.  That Statement or STMT comes with the K-1 you received.

 

In TurboTax Online and TurboTax Download/CD versions, the "Statement A" is the "We need some information about your 199A income or loss" and "Let's check for some uncommon adjustments" screens.  Information from that Statement/STMT you received with your K-1 is entered into the applicable boxes of those screens.

 

Enter your code Z on the "box 20 screen" but you don't need to enter an amount there.  Continue, and your next screen should be "Describe the Partnership" and the the next screen should be "We see you have Section 199A income" and then you should get "We need some information about your 199A income", followed by "Let's check for some uncommon adjustments".   When you get to those last two screens, when you check the box on a line, other boxes will "open up" to enter the amounts from your Section 199A Statement/STMT.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
PostFalls
Returning Member

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

I do not get any of the 'next' screens that you describe. It just goes to the next subject.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies