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Level 1
posted Apr 5, 2023 11:50:21 AM

K-1 box 20 code z

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. 

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1 Best answer
Expert Alumni
Apr 5, 2023 12:33:20 PM

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.

 

@ervancil 

1 Replies
Expert Alumni
Apr 5, 2023 12:33:20 PM

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.

 

@ervancil