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Level 2

Question

Form 1065 K-1 Box 20 Code Z

Forum|Forum|2 years ago
February 24, 2024
1 reply
15 views

Where is Code Z in the drop down menu for Box 20, Form 1065 K-1 section? Last year Code Z was available for Box 20, but in the 2023 version of TurboTax Business I am not seeing it. ? What am I missing?

Level 15

Code Z is in the dropdown. You select Box 20 on the screen 'Check boxes that have an amount or are checked on the form'. Once this is answered you will have the opportunity to enter the amounts you have on your statement for Letter Z. See the image below.

Search (upper right) > Type k1 > Click the Jump to... link > Continue to enter your K1

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KMW3Author

Level 2

The drop down menu for Box 20 does not offer Code Z as a choice. The menu goes from Code Y to Code AA, skipping Z. Last year's turbo tax form DID offer Code Z as a choice in the K-1 Box 20 drop down menu. There is a Code ZZ (Other) but I am looking for Code Z. Not seeing it.

Level 15

Are you preparing a K-1 for a form 1065 or you are entering a K-1 from IRS form 1065 into your IRS form 1040?

TurboTax Online Premium permits Code Z - Section 199A information in box 20.

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