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Schedule K requires Box 20 info, for code Z-Section 199A information, what should i put as a value?

Forum|Forum|6 years ago
March 4, 2020
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My 1065 show STMT as a value for Box 20 Code Z*.

TurboTax Online

Best answer by Anonymous_

@MrBair It actually does not matter since you will be entering those figures separately in a subsequent screen (see the screenshot below). You can either combine the two figures and enter the resulting figure on Line 20 or simply leave it blank.

199a.png

A

Anonymous_

Employee

@MrBair wrote:
My 1065 show STMT as a value for Box 20 Code Z*.

You should have received a statement (or schedule) with your K-1 that has a value. Use the figure on that statement.

M

MrBairAuthor

The Statement has 3 Figures associated with QBI:

ordinary business income loss - xxx

rental income loss - xxx

.......when i enter both values it totals them together as a value

is this correct?

A

Anonymous_Answer

Employee

@MrBair It actually does not matter since you will be entering those figures separately in a subsequent screen (see the screenshot below). You can either combine the two figures and enter the resulting figure on Line 20 or simply leave it blank.

199a.png