Turbo Tax Schedule K-1 Box 20 Code Z errors

In TurboTax Desktop Home and Business, enter IRS form K-1 (1065) information at the screen Enter Box 20 info,

• Select code Z Section 199A information.  Do not enter a value to the right.
• Click Continue.
• At the screen We need some information about your 199A income, you may enter the following information: 
•     Ordinary business income (loss) from this business, and/or
•     Rental income (loss).
•     W-2 wages
•     UBIA of qualifying property.

Enter these values for the Qualified Business Income Deduction to be calculated.

Some preparers of the K-1 form will include the Section 199A information on a separate statement called a Statement A.

It is possible that additional information may need to be entered.  Click the box to the left to open up entry boxes.