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Level 1
posted Mar 2, 2020 9:49:50 PM

Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A

I have a K-1 from a partnership that I've passively invested in for several years.  Never had an issue entering it in TT until this year.  I entered all of the boxes off of the form exactly, but when I do the SmartCheck I get this error.  I have entered all the information I have, but the error continues to reappear.  Where is this Statement A and what am I missing?

0 43 17948
24 Replies
Expert Alumni
Mar 3, 2020 6:11:09 AM

The statement A is an additional statement that would be attached to the K-1 you received.

 

If you did not receive this information please check with the tax preparer of the business tax return to get the information.

Level 1
Mar 4, 2020 8:41:53 AM

Where is the Statement A in TurboTax that the information needs to be entered into, and what boxes should I be looking for on the paper Statement A I should have received.

The error message is sort of vague.

Level 2
Mar 8, 2020 9:08:07 AM

I also have the issue that I have a Statement A, but I don't know where to enter it in TT.

Expert Alumni
Mar 8, 2020 10:24:56 AM

Try using these steps for this question for Schedule K-1 Box 20 Code Z needing Statement A.

 

Be sure to answer all the questions, as TurboTax Expert DavidS127 notes regarding inputting details for Box 20 Code Z: Continue through the K-1 interview after you have entered your value for box 20 code Z. 

 

Enter the code Z when you enter the K-1, but you don't need to enter an amount. 

Continue on, and there is a screen near the end of the interview titled "We need some more information about your 199A income or loss". 

 

This screen must be completed in order for your box 20 code Z information to be correctly input into TurboTax.

 

@djreiswig

@obsidianj

Expert Alumni
Mar 8, 2020 7:24:04 PM

You must go back to the K-1 entry and after you enter the Box 20 Code Z, continue until you see "We need some information about your 199A income or loss" 

 

@obsidianj

Level 1
Mar 19, 2020 11:59:19 AM

I am a limited partner. According to the tax preparer of the business unit, Statement A is required for a General partner, not a Limited partner.

I filled out all boxes for W2 wages, UBI, Rental income and still got this error message.

Does TT has a bug?

Please advise of a work around to get rid of this error message.

 

New Member
Mar 22, 2020 10:50:20 PM

I kept getting the same CompleteCheck error and after a lengthy ordeal, I got this to work: 

 

If your Statement A lists no values for any "income (loss)" category, go to the "We need some information about your 199A income and loss" screen, check the box next to "[PARTNERSHIP] has ordinary business income (loss)" and enter "0" for the amount.

Level 1
Mar 24, 2020 11:21:27 PM

This solved it!

Level 1
Mar 25, 2020 9:29:03 AM

Solved, thanks to KathrynG3's instructions. After selecting code Z, I left the box blank and subsequently filled out the screen titled 'We need some more information about your 199A income or loss' where I  checked the applicable boxes and entered my data.

New Member
Apr 5, 2020 10:40:00 PM

What does the statement A look like

Expert Alumni
Apr 6, 2020 6:07:04 PM

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

  1. if there is a Z, select Z in the drop down and leave the $ blank.
  2. Next screen asks about the risk.  indicate you are at risk
  3. 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.
  4. Next screen will say we need some information about your 199A income. at the very bottom are selections to make. Now these are usually on a supplemental statement that come with the K1.  Check all your disclosure statements that came with the K1 to see if the information is anywhere to be found. 

Level 4
Apr 19, 2020 10:36:05 AM

@jdj1s Entering 0 for "ordinary business income gain (loss)" makes the error go away LOL I did that according to your suggestion while editing "Statement A" in forms mode and as soon as I put 0 the error went away. @Ashweso asked what "Statement A" looks like. Here's mine before I put 0 and the error was still happening:

 

New Member
Jul 5, 2020 5:42:31 PM

Oh my goodness! I wasted 4 hours trying to figure this out and this helped bypass the problem.

Leave the Z value empty and entering on the subsequent screen solved it. 

Phew. I can now go relax. 

New Member
Jul 9, 2020 4:33:24 PM

I called TurboTax to get the answer for my case. Line 20Z on my K-1, quoted Qualified Business Income (QBI), W-2 wages and Unadjusted basis of qualified property (UBIA). I had to go to the end of the K-1 review where it asks more about Section 199A income. There is a question where it says it needs more information about your 199A income. I had to make sure everything that was listed for box 20Z was checked off in the section. I had to check off business income for the QBI and enter that amount. I had to check off W-2 wages and enter that amount. And I had to check off UBIA of qualified property for the UBIA and enter that amount. Once I did that the error went away and my forms were correct when I went back to see if everything was where it should be. Hope this helps!

Expert Alumni
Jul 10, 2020 11:35:26 AM

User CoCo2020 describes the correct procedure for a partnership K-1 with box 20 code Z:

 

Enter your code Z on the "box 20 screen".  You don't need to enter an amount on that box 20 screen, but you do need to click Continue after you have entered the code Z.   The next screen is "Describe the Partnership" and the the next screen is "We see you have Section 199A income" and then you should get "We need some information about your 199A income", followed by "Let's check for some uncommon adjustments".   If you get to those last two screens, when you check the box on a line, other boxes will "open up" to enter the amounts from your Section 199A Statement/STMT.

 

Note that Unadjusted Basis of Assets amount goes on the "....has UBIA of qualified property" line.

 

To get back to the K-1 summary screen and find the Schedule K-1 to edit, click the "magnifying glass Search" icon on the top row, enter "k-1" in the search window and press return or enter, and then click on the "Jump to k-1" link to find the K-1 you need to edit.

 

Here are screenshots of the "We need some information about your 199A income or loss" and "Let's check for some uncommon adjustments" screens where you enter the information from your K-1 Section 199A Statement/STMT:

Level 3
Mar 16, 2021 8:53:29 AM

Thanks, that worked for me.  To bad TT doesn't provide more help.

Level 2
Mar 23, 2021 11:11:31 AM

In TT 2020, the question above does not appear. I keep getting the error and have no idea how to resolve it.

Level 3
Mar 23, 2021 11:31:23 AM

For the amount, try entering a zero (0).

Expert Alumni
Mar 23, 2021 11:37:07 AM

When you enter the box 20 information, continue through the screens, you will come to other screens where you have to enter the breakdown.   There is more than 1 additional screen.

 

  • We see you have Section 199A income
  • We need some information about your 199A
  • Adjustments of 199A amounts

If you are not getting these screens, you have answered something that is disqualifying you for the deduction, so review all of your K-1 entries in that section.     @sustainnovators

 

 

 

 

 

New Member
Mar 23, 2021 2:12:55 PM

Yes! This solved my problem too. Everything was entered correctly and my K1 had a 0 in box 1. This must be a glitch in TurboTax error checking system.

New Member
Mar 27, 2021 10:46:05 AM

Tried your solution, but it did not work.  All 6 of my K1 have the error.  Any other ideas?

 

Level 3
Mar 27, 2021 11:04:20 AM

Suggest you reread Dawn C's reply above carefully and try again.

Level 2
Mar 27, 2021 11:27:44 AM

I found my problem. I has mischaracterized the expense reported as Code Z on K1 Line 20 in section D1 as Ordinary Business Income. It should have been Rental Income. 

 

New Member
Mar 27, 2021 12:10:48 PM

  • We need some information about your 199A
  • I had to check the block for  " XYZ Pipe Lines, L.P. has business income (loss) even though I had already entered the Z - Section 199A information on the previous "Enter Box 20 Info" page.  I entered the same information and it cleared the error
  • I also reentered the 1231 gain (loss) info