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Level 6

2017 Schedule K-1 Box 20

My Schedule K-1 Box 20 indicates "STMT" I found the location and there are two lines:  20Z1 has a "Gross Receipts" amount and 20Z2 has a "Federal Bonus Depreciation Included in Box 1" amount.  How are these entered into Turbo Tax?

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Employee Tax Expert

2017 Schedule K-1 Box 20

 In the K-1 section, indicate that you have box 20 entries, then provide the code Z and amount. Looks like both amounts are already included in box 1 so you should not have to reenter elsewhere.

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Highlighted
Employee Tax Expert

2017 Schedule K-1 Box 20

 In the K-1 section, indicate that you have box 20 entries, then provide the code Z and amount. Looks like both amounts are already included in box 1 so you should not have to reenter elsewhere.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post