K-1 Where/what is Statement A?

[jhensinger]

"Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A."

[PatriciaV]

Statement A refers to supplemental information included with Schedule K-1. This document should provide instructions on how to complete the Section 199A income questions at the end of the Schedule K-1 interview. If you did not receive these instructions, please contact the company that sent the K-1 for assistance.

[eldon-123]

I did and the company gave me the answer.  I gave the number they suggested and it still would not take it and let me file.  I changed to another number they also suggested and it still would not allow me to file.  No matter what number I put in the box it will not accept it and permit me to file my taxes.  Can you help me?

[JulieS]

Can you clarify you question? 

Is this a K-1 from a partnership, an S-Corp or a trust?

What number are you entering, and in what box are your entering it?

Typically you enter code Z and a number and then you are asked for information from Statement A. What information did they give you?

[eldon-123]

I got the number from the K-1 tax preparer and entered what he said and turbotax would still not accept it to allow me to file my taxes.  Is there a glitch in the program?  I have no idea how to fix it so I can file my taxes.

The three figures I was given for statement A are: Net Rental Real Estate Income (Loss) -148

                                                                                       Net Section 1231 Gain - 31,818

                                                                                                            Total - 31,670

[JamesG1]

Is this a partnership?  Does the K-1 report code Z in box 20 of the K-1?

At the screen We need some information about your 199A income, many times we see the following 199A information reported:

• Ordinary business income (loss) from this business,
• W-2 wages for this business, and
• UBI of qualified property for this business.

If box 2 is $-148 and box 10 is $+31,818, there may be no 199A information reported because the K-1 reported the loss in box 2.

I do not know what 'Total - 31,670' means.

Are there other boxes reported on the K-1?

@eldon-123