Box 20 Information - K1 Code Z Missing from drop down options in TT Business Desktop

Forum|Forum|2 years ago
February 21, 2024
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I am using TT Business 2023 Desktop and I am trying to enter a K1 my business has received. The K1 includes Code Z in Section 20 (Other Information). When I get to the 'Enter Box 20 Information' screen in TT, under the 'Select Code' drop down list, Code Z is nowhere to be found. It shows all other codes (from A to Y and then AA to ZZ) but 'Z - Sec 199A Information' is missing. This was of course there last year in TT Business 2022 Desktop and it's in 'Schedule 1 Boxes and Codes' of the 2023 K1 I received from the tax accountant that produced the K1 so it appears that there is a bug in TT Business 2023 Desktop?

TurboTax Business Windows

DaveF1006

The K-1forms are not available yet for 1065 Partnership returns. Please check back after 2/21 to see if the update has been made.

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LemesosAuthor

Sounds good, thank you. I thought those were for producing K1s out of TT, not entering K1s I received from someone else. Hopefully both sides will be addressed with the new release.