How shall I fill box14 of schedule k-1 in turbotax?

[danilol]

in the section of schedule k-1 of  turbotax which request to "enter Box 14 info"

it is said " enter CODE and DOLLAR AMOUNT reported on Box 14 in your schedulek-1"

I have Code "B" followed by dollar amount of 18, I have no issue to fill it in the turbotax , but I  also have Code "I " and "z" followed by "STMT" instead of a dollar amount, How shall I do with them or just skip it?

[PatriciaV]

Please clarify that you have two codes for Box 14, both "B" and "I-Z". Code Z is typically used with Box 20 and relates to QBI Section 199A. You may need to refer to any supplemental information that accompanied your K-1 for clarification.

[danilol]

In box14

Can I fill them In turbotax as following :

[danilol]

I do not have box 20 on my schedule k-1

[danilol]

this is schedulek-1(form1041)

[AliciaP1]

The second (and probably 3rd) page of your K-1 should include the Statements for code I and code Z.  The Statement A(or B or C)—QBI Pass-through Entity Reporting is there for details regarding code I.  There should also be another page for a Statement regarding code Z which is other miscellaneous items.  You need to report all codes for box 14 on your return.  The QBI can give you an additional deduction and the miscellaneous items may mean you need additional forms on your return.

@danilol

[danilol]

Thank you very much for your help. I appreciate if you can help to guide me through this.

the attached are the rest of this k-1(1041)

for code I , I found dollar amount 10 for it. I also found dollar amount 18 for code B and dollar amount 776for code E.

I am confused by dollar amount for code Z which has 3 parts, one of them is tax, I do not know whether need to add all 3 parts up or only 2 parts add up and then minus the tax part?

the last STMT  even do not have a code, do I need to fill that in the turbotax page ,too?

[AliciaP1]

You will have 2 entries for box 14 code Z - one for 18 and one for the other Total, 156.  The final page is adding details for the second code Z item reported for your information.

@danilol

[danilol]

there are 3 dollar amount for code Z

foreign gross receipts and expenses, box14, code Z         154

AMT foreign Taxes, Box14, code Z      18

AMT foreign gross receipts and expenses, BOX 14, code Z    156

You ask me fill box 14 as following

B       18

E        776

H       -13794

I         10

Z        18

Z         156

Is this correct?

then where is  Z   154    ?

Thanks

[RobertB4444]

@danilol  The 154 is included in the 156 you entered for code Z.

[danilol]

Hello, thank you for your help.

Could you have a look of the following what I filled on turbotax correct?

[PatriciaV]

Your entries appear to be in line with the information you provided.

If you are asked about those entries on a subsequent page, refer to the Supplemental information included with your Schedule K-1 for further assistance.

[danilol]

Thank you.