Sch K-1 Box 20 has code Z, but no amount listed, it just says STMT, which has ordinary income, W-2 wages & unadjusted basis. But no way to enter this so error msg.

Forum|Forum|1 year ago
April 1, 2025
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Turbo Tax needs me to resolve this but I'm not sure what I am supposed to enter. There is a code Z in Box 20 but the software doesn't ask me any questions that correspond to what I have in my K-1. I just have Non-SSTB lines for ordinary income, W-2 wages, and unadjusted basis. I had other places in the software to enter the ordinary income and the wages. I don't know what else I need to enter.

PatriciaV

Employee

After you enter the information from the Schedule K-1 boxes, continue to find the page "We see you have Section 199A income."

Check the box that applies (usually the first option).
On the next page "We need some information about your 199A income," be sure to check the first box and enter at least one type of income.
Check any other boxes that appear on Statement A (wages, UBIA, etc.) and enter the related amounts.
Continue back to the K-1 summary page.

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