K-1 199A Code Z

Forum|Forum|5 years ago
March 26, 2021
1 reply
4 views

This was a pain. I have a Code Z in Box 20 of my K-1. The amount on Schedule A for that Code Z is ZERO. As in "0". I entered that. No other adjustments were necessary. The software kept calling it an error and telling me I had not entered an amount for Code Z. The software would not eFile my returns. So, I went back, said I had no Code Z, deleted the 0, and re-saved the return. It finally filed. I have seen other people with Code Z problems. So my question is: How else could I have fixed that other than deleting the Code Z?

ToddL99

Level 13

Removing the Code Z and "0" from Box 20 of your K-1 was probably the best, if not only, solution.

Once you told the program you had QBI income (even if "0") it was going to force you to complete the QBI deduction interviews and forms. This is a useful "bias" of the TurboTax program - if it thinks you deserve a tax break it is going to force you to finish any steps necessary to get it.

JimFuehrmeyerAuthor

Level 2

The software did not ask me to complete any forms of any kind. It asked me the nature of the income - REIT Dividends - which I answered an entered that my share was zero. It asked me for no other information and took me to no other pages with questions. If there was more for me to enter, the system needed to take me someplace to do that. It did not.

DaveF1006

Level 15

It depends because since you entered a 0, Turbo Tax is looking for additional entries from a supplementary statement because of this one entry. Just remove the zero from this box and this should relieve your issues.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"