topic Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has be... in Retirement tax questions

What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A" ?

mickmcd — Mon, 09 Mar 2020 18:24:28 GMT

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has be...

AmyC — Mon, 09 Mar 2020 18:50:21 GMT

Code Z on a partnership in box 20, represents sec 199A self employed information. Those are achieved through your active work in the business, rather than being a passive partner. Do you have anything in box 14, for the self employed income? Are you an active partner?

The statement A is derived from the other information in your k1- which seems to not be there.

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A" ?

dmertz — Mon, 09 Mar 2020 19:19:14 GMT

Revisit the Schedule K-1 section of TurboTax and edit the Schedule K-1, then be sure to step all the way through. When you select code Z in box 20, leave the Enter Amount box blank and step past the We see you have Section 199A income to where TurboTax will ask for the types of code Z entries related to the Qualified Business Income from the partnership shown on the code Z statement included with your Schedule K-1. After you make the dollar-amount entries for each of these, TurboTax will automatically prepare the missing statement.

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has be...

mickmcd — Thu, 12 Mar 2020 12:32:10 GMT

Nothing in Box 14

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A" ?

mickmcd — Thu, 12 Mar 2020 12:36:22 GMT

I did leave that "Z: field blank and it did not work. I actually was told to change the Z to a "AH" and that worked. wether it is correct or not I do not know

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has be...

JulieS — Thu, 12 Mar 2020 17:26:25 GMT

That is an acceptable solution, The code you entered doesn't change your tax return and doesn't require additional information to be entered.

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A" ?

cathcartd — Sun, 15 Mar 2020 17:57:06 GMT

I'm trying to enter Box 20 Code Z information into the tax return of an LLC owner of the LLC which submitted the K-1 that (properly) includes Box 20 Z information (and an accompanying Statement A). In TTX Business, on the Box 20 screen there's a box to check if Box 20 contains Code Z. I check that box, click continue, and instead of sending me to a screen to enter Statement A information, TTX kicks me back to the K-1 list. Bug?? How to report??

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has be...

dhva — Mon, 06 Apr 2020 20:11:25 GMT

I am lost here with the same problem. I have a K1 for which there are no entries in any box except for box 20. In Box 20 code Z, it says STMT. In the Statement, everything is mostly 0, but I see an entry "SECTION 199A UBIA OF QUALIFIED PROPERTY" with a value of 1. Is this just too small to bother reporting? I think this is wanting there to have been some actual income, but there is none to report on this K1... As such, I'm stuck in a state where TurboTax thinks I have an error.

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has be...

DaveF1006 — Tue, 07 Apr 2020 00:54:26 GMT

Follow these steps and i shall lead you out of the abyss and into the light:

Here is the order that should appear in your return in Box 20

if there is a Z, select Z in the drop down and leave the $ blank.
Next screen asks about the risk. indicate you are at risk
Then there will be a screen that appears that says, We see that you have 199A income.Here you have three choices to make. pick one that is applicable to you.
Next screen will say we need some information about your 199A income. at the very bottom is a selection that says xxx has UBIA of qualified property. When you select that, then the screen will prompt you to put in a $ amount.

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has be...

Roastedpot — Wed, 08 Apr 2020 15:15:45 GMT

I have followed those steps but get am still getting the same problem. I cannot currently Efile. I've provided screenshots. Either the steps provided are not correct or there is a bug in the turbotax software that should be addressed.

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has be...

dmertz — Wed, 08 Apr 2020 16:17:02 GMT

TurboTax is indicating that you have not entered any items of Qualified Business Income. UBIA is not QBI. You need to indicate items of income by marking one or more of the other boxes on the last page and entering the corresponding items of income such as business income from the boxes on the K-1.

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has be...

Roastedpot — Sun, 12 Apr 2020 18:40:33 GMT

There are no other numbers on the K-1. There is a code AA with $1 but nothing else on the rest of the K-1. Boxes 1-3 are empty and the only Z code with an amount in UBIA of qualified property with $12 as i had input in the screenshot. I've doing Box 2 = $0 but that did not work either.

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has be...

dmertz — Sun, 12 Apr 2020 18:54:54 GMT

You might have to simply omit the code Z entry.

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A" ?

AnnMarie — Sat, 18 Apr 2020 02:12:36 GMT

I had the same question and was very thankful for your answer. It worked!

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A" ?

AnnMarie — Sat, 18 Apr 2020 02:39:54 GMT

So thankful for your explanation. It worked!

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A" ?

IamQ — Fri, 14 May 2021 14:26:24 GMT

I had the same error, and glad that I found this thread. I did the same -- by changing "Z" to"AH" that worked for me. I don't know if it's correct as well. I'm glad TurboTax's error check found no error and filed my tax return. I hope by sharing this post, it will help someone else too. Thank you very much for sharing, mickmcd!

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A" ?

jmason12 — Wed, 13 Apr 2022 21:02:39 GMT

This worked beautifully. Thanks!

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A" ?

JRD82 — Sun, 17 Apr 2022 01:01:26 GMT

After trying many many many times with different ideas and with great frustration, I changed the Z to an AH like you suggested and it WORKED!!!!! Like you, I have no idea if that was the right thing to do but it worked and both my state and Fed taxes got filed instantly as a result. Thanks a million!!!!!!

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has be...

JamesG1 — Sun, 17 Apr 2022 19:43:38 GMT

If the preparer of your K-1 provided section 199A information, you would be able to claim the Qualified Business Income Deduction. In many cases, (but not all) you report:

Ordinary business income,
W-2 wages for the business, and
UBIA of qualified property for the business.

At the screen Enter Box 20 info,

You select Code Z Section 199A information.
Click Continue.
At the screen We need some information about your 199A income, you would enter the information that the preparer of your K-1 provided.
Enter these values for the qualified business income deduction to be calculated.

@JRD82

Re: What does this error mrean "Box 20 Code Z has been selected but no Section 199A income has be...

Aspirin756 — Fri, 01 Jul 2022 19:45:29 GMT

I received this error for a number of real estate LLCs. In my case the solution was to open the K-1 Form and navigate to Section D1 on Page 6, which is where the Statement A information is entered, and manually enter the reported "Rental income (loss)" from my K-1 Statement A section.