Question

For K-1s that show 199A income in Box 20 code Z, no statement A information was sent with the K-1. How may I proceed?

Forum|Forum|5 years ago
April 8, 2021
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TurboTax Live Self Employed

The 199A income refers to qualified business income (QBI). The income referenced is normally listed in box 1 to box 3 on your K-1 schedule. You need to know what portion of that income is QBI income and enter that in box 20. You will have to ask the issuer of the schedule K-1 about that if it is not specified on the schedule or attachments.

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