Question

K-1 entry issue

Forum|Forum|4 years ago
April 12, 2022
1 reply
0 views

I am not sure what entry to put on my tax form from a K-1 that was issued with an item checked in number

20 code Z. with an accompanying statement. The statement does not have a clear answer. After clicking Z in TT

it asks for Section 199A information. The statement is blank in the Section 199A area. There are numbers included for: Ordinary Business Income (loss); W-2 wages; and UBIA of qualified property. but nothing in Section 199A dividends, but there were no dividends. Is my answer 0?

PatriciaV

Employee

To avoid errors on the final Review, do not enter Code Z or check Box 20 if the supplemental statement has no Section 199A income to report. The information provided to you is to help you report those items as needed. But this may be optional in your tax situation. If you need further guidance, please contact the company that provided Schedule K-1.

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