No code Z on menu for K-1 line 20

Forum|Forum|2 years ago
March 5, 2024
1 reply
0 views

I have line 20 code Z 199A info on a K-1 that needs to transfer to a second 1065 but 2023 business Turbotax does not have code Z on the menu for line 20. Why not? What code would I use instead?

TurboTax Business Windows

RobertB4444

When you enter the 1065 K-1 into your return you will be prompted to enter the information from the first three boxes of the K-1. After you have entered that you will come to a screen that asks if you have any information in any of the other boxes in the K1. Check the box next to line 20 and it will take you to the screen to enter the information in that box. There is a pulldown menu for that that has code Z as an option.

@Clickjt

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

ClickjtAuthor

The pulldown menu does not have code Z as an option.

JohnB5677

I am on the Desktop/CD version of TurboTax and there is a code Z in the dropdown of Box 20.

On the 1095-A after entering Ordinary Income or Loss
The screen Check boxes that have an amount or are checked on the form will come up.
Select Box 20
The screen Enter Box 20 info will come up.
Select the drop down under Enter Code.
You will have to use the side bar to scroll down to see Z Section 199A information.