topic I have a K-1 (1065) with Box 20 Code Z that refers to the statement, which has several numbers on it - which one do I use or do I total them all up? in Business & farm

I have a K-1 (1065) with Box 20 Code Z that refers to the statement, which has several numbers on it - which one do I use or do I total them all up?

hollywaugh — Tue, 14 Apr 2020 23:37:14 GMT

Re: I have a K-1 (1065) with Box 20 Code Z that refers to the statement, which has several number...

MaryK4 — Tue, 14 Apr 2020 23:54:08 GMT

You will enter the Code Z for box 20 and leave it blank--- continue until you see a screen "Let's Work on your 199A Income" - here you will see the different categories from your K-1 supplemental information.

Re: I have a K-1 (1065) with Box 20 Code Z that refers to the statement, which has several number...

westie — Wed, 15 Apr 2020 14:16:47 GMT

After filling in the K1 it put a figure on box 20 with code "Z"

Should I remove that number and put it in the correct number? Why did Turbo Tax put the figure in?

Do I mess things up if I remove that figure????? I have an Unadjusted basis of assets that is not entered anywhere. The Rental Loss number is listed in box 20 with code Z and not the Unadjusted basis of assets amount.