199A

[bradc-taxq]

When trying to submit my taxes thru Turbotax, I am getting a Check This Entry message that tells me that Box 20 Code Z has been selected, but no Section 199A income has been entered on Statement A. I have put in the amounts of 2 entries I have on my K-1, but the input is not being accepted and I cannot file the return. Please advise on how I can override this entry message.

[Mike9241]

20z is worthless. Turbotax only uses it to later ask for the info.  as you go through the k-1 entries and enter 20z you should later come to  a screen that says "we see you have 199A income". answer one of the questions (most likley the first) on next screen check off those boxes that apply and a screen will open to enter amounts. these are the amounts Turbotax uses

[bradc-taxq]

I did all that but TurboTax continues to show the same error message "we see you have 199A income" and will not allow return to be filed.  I tried re-entering information form both K-1's that I have but that did not help (but I was able to verify that I had entered the info correctly the first time).  Some type of override allowing me to efile would be the best alternative.  As another work around, could I file by mail if I can't get TurboTax to efile my return?

[AliciaP1]

Box 20 code Z is used to calculate your allowable Qualified Business Income Deduction.  You do not want an override, you want to enter the information as it is shown on your Statement included with your K-1 so you can possibly get an additional deduction.  You need to go through the K-1 entry and the questions that come up on the screens after you enter box 20 code Z with the information.

To correct your K-1 line 20 error and your QBI income information in TurboTax Desktop you can follow these steps:

1. Within your tax return click on the Federal Taxes tab and Wages & Income then I'll choose what I work on
2. Scroll down to Schedules K-1, Q and click  Update
3. Answer Yes and click Update for Partnerships/LLCs (Form 1065)
4. Click Edit for the K-1 you need to correct
5. Verify your answers and Continue through the questions until you get to the Enter Box 20 Info screen
6. For the code Z line enter the amount in box 20 code Z from your K-1 (leave this blank if your amount shows *STMT)
7. Verify your answers and Continue until the We need some information about your 199A income
8. Enter the information as it shows on your Statement A Section 199A Information  that you received with your Schedule K-1 completely
9. Continue until you get to the Partnership/LLC Summary screen and click Done
10. Proceed entering/reviewing your return.

@bradc-taxq