Solved
Turbotax business 2023 form 1120 missing Code Z for sch k
I am trying to enter Sch K with code z in Turbox Tax Business, line Z is missing for Form 1120C
How to enter ?
Yes, K-1 is from a 1065 multi-member LLC, but the code Z is on Line 20
I understand that 1120C cannot claim section 199A deductions but do we leave it blank or need to enter somewhere
@moti5253 wrote:I understand that 1120C cannot claim section 199A deductions but do we leave it blank or need to enter somewhere
You have to enter the figures on the correct forms in Forms Mode but, you're correct that the corporation cannot claim Section 199A deductions which is most likely the reason there is no Z code in the program on Line 20.
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