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Look through all your disclosure statements to see if there is information for you to put into Box 20, if so follow these directions.
Here is the order that should appear in your return in Box 20
If you still can't find the Statement, you either need to contact the issuer of your K1 or remove the V in Box 20 and not claim the QBI deduction. If you don't remove the V and leave Box 20 blank, you will continue to receive that error message.
Perhaps we can answer your questions.
Is this a K-1
Form 1065 Partnership
On your Schedule K-1, STMT means Statement and there should be a statement attached to the K-1 to give the details of the numbers and/or codes to enter in the boxes.
Thanks, helpful, but I am still working on K-1. At line 20 Turbo Tax is giving me an error message "Box 20 code Z has been selected but no Section 199A income has been entered on Statement A" I can not find a Statement A anywhere, please help.
Thank You,
Ben Gregg
Look through all your disclosure statements to see if there is information for you to put into Box 20, if so follow these directions.
Here is the order that should appear in your return in Box 20
If you still can't find the Statement, you either need to contact the issuer of your K1 or remove the V in Box 20 and not claim the QBI deduction. If you don't remove the V and leave Box 20 blank, you will continue to receive that error message.
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