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June 5, 2019
Question

What dollar amount do I enter from my K-1, section III, box 20, Code V? No other box in III is marked. No dollar amount is given on my K-1.

  • June 5, 2019
  • 1 reply
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My K-1 box 20 says to see an attached statement for additional info.  The attachment does not have a dollar figure, only percentages that constitutes unrelated business taxable income.  I am not a tax-exempt partner, thus is seems code V does not even apply to me.  Is it ok to just enter zero in turbotax in the box 20 section?

1 reply

Employee
June 5, 2019

No, do not enter a zero, just leave those fields blank if they don't apply to you.  Delete the code for the box also.