Partnership 1065

[lsk]

Partnership. Box 20 has code Z (Section 199A information) checked, with remark to see statement. The statement does not include any amount for Section199A. Entering nothing as an amount, or zero, for Section 199A is generating an error. How do I resolve?

[MindyB]

If you do not have any 199A information to enter, Box Z should not be checked.

The issuer technically should not have given you a K-1, with no Box 20 detail (even $0 if for example you have a small share and the 199A was small). So, if you think there is a statement missing, I'd suggest reaching out to the issuer before proceeding to ensure you don't miss out on any deductions.