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Running Check for Errors and received a "Fix Errors" on Box 20, Code Z no 199A income has been entered on Statement A. What is Statement A?

 
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KathrynG3
Expert Alumni

Running Check for Errors and received a "Fix Errors" on Box 20, Code Z no 199A income has been entered on Statement A. What is Statement A?

Yes, Statement A is required when Box 20, Code Z is reported. It should have been included with your Schedule K-1. Try using these steps for this question for Schedule K-1 Box 20 Code Z needing Statement A.

 

For more details, see TurboTax Expert DavidS127 notes regarding inputting details for Box 20 Code Z

Continue through the K-1 interview after you have entered your value for box 20 code Z. 

 

Enter the code Z when you enter the K-1, but you don't need to enter an amount. 

Continue on, and there is a screen near the end of the interview titled "We need some more information about your 199A income or loss". 

@jballen269

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