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Level 1

Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A

I have a K-1 from a partnership that I've passively invested in for several years.  Never had an issue entering it in TT until this year.  I entered all of the boxes off of the form exactly, but when I do the SmartCheck I get this error.  I have entered all the information I have, but the error continues to reappear.  Where is this Statement A and what am I missing?

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Expert Alumni

Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A

The statement A is an additional statement that would be attached to the K-1 you received.

 

If you did not receive this information please check with the tax preparer of the business tax return to get the information.

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Level 1

Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A

Where is the Statement A in TurboTax that the information needs to be entered into, and what boxes should I be looking for on the paper Statement A I should have received.

The error message is sort of vague.

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Level 2

Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A

I also have the issue that I have a Statement A, but I don't know where to enter it in TT.

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Expert Alumni

Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A

Try using these steps for this question for Schedule K-1 Box 20 Code Z needing Statement A.

 

Be sure to answer all the questions, as TurboTax Expert DavidS127 notes regarding inputting details for Box 20 Code Z: Continue through the K-1 interview after you have entered your value for box 20 code Z. 

 

Enter the code Z when you enter the K-1, but you don't need to enter an amount. 

Continue on, and there is a screen near the end of the interview titled "We need some more information about your 199A income or loss". 

 

This screen must be completed in order for your box 20 code Z information to be correctly input into TurboTax.

 

@djreiswig

@obsidianj

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Expert Alumni

Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A

You must go back to the K-1 entry and after you enter the Box 20 Code Z, continue until you see "We need some information about your 199A income or loss" 

 

@obsidianj

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Level 1

Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A

I am a limited partner. According to the tax preparer of the business unit, Statement A is required for a General partner, not a Limited partner.

I filled out all boxes for W2 wages, UBI, Rental income and still got this error message.

Does TT has a bug?

Please advise of a work around to get rid of this error message.

 

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New Member

Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A

I kept getting the same CompleteCheck error and after a lengthy ordeal, I got this to work: 

 

If your Statement A lists no values for any "income (loss)" category, go to the "We need some information about your 199A income and loss" screen, check the box next to "[PARTNERSHIP] has ordinary business income (loss)" and enter "0" for the amount.

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New Member

Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A

This solved it!

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Level 1

Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A

Solved, thanks to KathrynG3's instructions. After selecting code Z, I left the box blank and subsequently filled out the screen titled 'We need some more information about your 199A income or loss' where I  checked the applicable boxes and entered my data.

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New Member

Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A

What does the statement A look like

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Expert Alumni

Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A

Here is the order that should appear in your return in Box 20

  1. if there is a Z, select Z in the drop down and leave the $ blank.
  2. Next screen asks about the risk.  indicate you are at risk
  3. Then there will be a screen that appears that says, We see that you have 199A income.Here you have three choices to make.  pick one that is applicable to you.
  4. Next screen will say we need some information about your 199A income. at the very bottom are selections to make. Now these are usually on a supplemental statement that come with the K1.  Check all your disclosure statements that came with the K1 to see if the information is anywhere to be found. 
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Level 3

Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A

@jdj1s Entering 0 for "ordinary business income gain (loss)" makes the error go away LOL I did that according to your suggestion while editing "Statement A" in forms mode and as soon as I put 0 the error went away. @Ashweso asked what "Statement A" looks like. Here's mine before I put 0 and the error was still happening:

 

statement-a.png