Schedule K-1 when Box 20 Code Z has no value but there is Section 199A to report

wisniewtoboggan — Wed, 11 Feb 2026 09:11:10 GMT

There's another thread marked "solved", but I didn't find a solution that works for me. I'm starting a new thread, in case my comment on the old thread is missed.

My K-1 just shows "STMT" in the Box 20 Code Z line. The statement included with my K1 lists a UBIA value.

If I leave Code Z off of my Box 20 entry, I'm later asked if I missed Code Z, and to answer yes even if my K-1 doesn't have Code Z in Box 20:

When I get to the end of the Federal section, and the software checks for errors, it comes up with one error, this:

I've put 0 on the entry form for Code Z, and tried random numbers as well. Nothing seems to make this form happy. I've tried deleting the K-1 for that LLC and reentering everything, but still can't get past this error.

Other conditions that may or may not affect performance are:
This is for an LLC K-1
Income is all real estate rental
Tenant is a business that I own and participate in
Special handling is required
I'm using the Windows version of Turbotax Deluxe 2023

Re: Schedule K-1 when Box 20 Code Z has no value but there is Section 199A to report

wisniewtoboggan — Thu, 04 Apr 2024 14:03:41 GMT

Problem solved. Solution in the other thread with a similar title.

https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/schedule-k-1-when-box-20-has-no-value-but-there-is-section-199a-to-report/00/3217704

topic Schedule K-1 when Box 20 Code Z has no value but there is Section 199A to report in Investors & landlords

Schedule K-1 when Box 20 Code Z has no value but there is Section 199A to report

Re: Schedule K-1 when Box 20 Code Z has no value but there is Section 199A to report