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Solved

K-1 box 20 code z

Forum|Forum|3 years ago
April 5, 2023
1 reply
6 views

I received a K-1 with code z in box 20 and it says stmt. I was asked by Turbo Tax for the 199A amount but I do not have a worksheet for 199A. Is that the same as Statement A-QBI pass through? If so what amount from the statement do I enter? On the additional information from schedule k-1 sheet it lists box 20 code AH and several amounts but that code was not listed in box 20 on the front of K-1. I also have schedule k3.

Best answer by RobertB4444

The statement has corresponding amounts that aren't listed on the front of the K-1. You should enter the amounts from the statement - as well as the K-3 - in the corresponding boxes in the TurboTax software. Sometimes the software that accountants are using to create the K-1 doesn't have enough room to fit everything on the K-1 form itself so they enter the information into the attached statement for you.

RobertB4444Answer

Level 15

The statement has corresponding amounts that aren't listed on the front of the K-1. You should enter the amounts from the statement - as well as the K-3 - in the corresponding boxes in the TurboTax software. Sometimes the software that accountants are using to create the K-1 doesn't have enough room to fit everything on the K-1 form itself so they enter the information into the attached statement for you.

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