Box 20 Code Z

Forum|Forum|3 years ago
April 3, 2023
1 reply
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Done with taxes, but I keep getting this error message during the review:

"box 20 code z has been selected but no section 199a income has been entered on statement a"

I did put an amount in box 20, but still getting the error message. I also tried leaving the amount blank and adding it on the next screen where it asks you to itemize amounts.
Also tried to go to statement A and add the amount manually, but it is not fillable.

Any suggestions?

JamesG1

Level 15

Your partnership K-1 is reporting Section 199-A income on line 20 code Z and the software wants you to enter the information that will compute the qualified business income deduction.

To enter partnership income from a K-1, follow these directions.

Down the left side of the screen, click on Federal.
Down the left side of the screen, click on Wages & Income.
Scroll down to S-corps, Partnerships and Trusts and click Show more to the right.
Click Start / Revisit to the right of Schedule K-1.
Click Start / Update to the right of Partnerships/LLC.
Click through the screens until you reach Enter Box 20 Info.
At the screen Enter Box 20 Info, select Z-Section 199A information. Leave Amount empty. This tells the software that Section 199A information will need to be entered for the income previously reported. Click Continue.
At the screen We see you have Section 199A income, select the appropriate income description. Click How would I know this? for more information.
At the screen We need some information about your 199A income, select the appropriate income description and amount from the 199A detail provided with the K-1. The information that is needed to complete the screen may be found on a Statement A attached to your K-1 information. Click Continue.