topic Schedule K-1 Limited Partner in Get your taxes done using TurboTax

Schedule K-1 Limited Partner

jketterl — Wed, 11 Feb 2026 06:00:50 GMT

I am a limited partner for a publically traded partnership. When I enter the inforamation from the K-1 form and do a federal review, there are several errors noted that has to do with information the general partners may need to enter and not a limited partner. How to enter all the inforamtion from the K-1 form, especially the many inputs on line 20 - Other information. I have 6 additional entries labled ZZ1 thru ZZ9 (ZZ4 and ZZ7 are not listed). Please advise soonest.

Re: Schedule K-1 Limited Partner

Mike9241 — Fri, 15 Mar 2024 21:45:49 GMT

there is no standard for anything coded ZZ so we need an explanation of what each says but not the amounts.

Re: Schedule K-1 Limited Partner

jketterl — Mon, 18 Mar 2024 14:06:53 GMT

That didn't work. TurboTax still had errors associated with the entries. It also wanted more information about subjects that are not covered in the K-1 form. Any additional advise about correcting the issue with TurboTax? Please help!

Re: Schedule K-1 Limited Partner

JamesG1 — Mon, 18 Mar 2024 17:03:57 GMT

Follow these directions to report section 199A information from your partnership K-1.

At the screen Enter Box 20 info, select code Z Section 199A information.
Click Continue.
At the screen We need some information about your 199A income, you may need to enter the following information:
Ordinary business income (loss) from this business,
W-2 wages for this business, and
UBI of qualified property for this business.

Enter these values for the qualified business income deduction to be calculated.

IRS Partners Instructions for form K-1 (1065), page 31 states:

Code ZZ

Other

Any other information you may need to file your return not shown elsewhere on Schedule K-1.

There may be additional information that was attached to your K-1 that would explain the code ZZ entries.

@jketterl

Re: Schedule K-1 Limited Partner

jketterl — Mon, 18 Mar 2024 20:53:39 GMT

I ended up doing just that to get the error removed. It would have been much easier if this information had been provided or included in the program by TurboTax.