K-1 box 20 z

[mstevensvr4]

This part was tricky. finally figured it out and went against the call support advice. 

this section here, be sure to check box next to "*** has business income (loss)" and enter the value. I found I would just enter the 1231 gain/loss. it would not let me submit online without this. 

[michellesgz1]

I received this form. What should I enter when I select the Z option in TurboTax box 20 says STMT

•  

[PatriciaV]

You should have received Statement A (QBI Pass-Through Entity Reporting) with Schedule K-1 that provides specific information for Line 20 Code Z.

When entering your K-1, check that it has Box 20 Code Z. You don't need to enter any amount for Code Z. 

1. Continue with the interview until you see "We see you have Section 199A information."
2. Check the box that applies (usually the first option).
3. On the page "We need some information about your 199A income," be sure to check the first box and enter at least one type of income.
4. Check any other boxes that appear on Statement A and enter the related amount.
5. Continue back to the K-1 summary page.

@michellesgz1