topic I have a Schedule K-1 form 1065. Does your Partnership form have a way to submit code Z. I have a A, V and a Z codes? I'm using the free edition. in Business & farm

I have a Schedule K-1 form 1065. Does your Partnership form have a way to submit code Z. I have a A, V and a Z codes? I'm using the free edition.

1offdutybrand — Mon, 03 Jun 2019 20:13:01 GMT

Free or Freedom? Free does not support K-1 entry; you ne...

DawnC0 — Thu, 02 Apr 2020 19:15:26 GMT

Free or Freedom? Free Edition does not support K-1 entry; you need Premier or higher for K-1. Here is a link to Freedom; it covers K-1s and is free if you qualify.

Yes, see attached. Box 20, code Z is for Other informati...

DawnC0 — Thu, 02 Apr 2020 19:13:34 GMT

Yes, you can enter any coded information in Box 20 when you enter the K-1. Box 20, code Z is for Other information. It does not directly affect the bottom line of your federal tax return. Code Z is used to calculate any qualified business income for the Qualified Business Income deduction.

If you received instructions from the Partnership, then consult those. if not, then you don't have to enter it in Turbo Tax.