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March 18, 2024
Question

K-1, 1065 for box 20 z *stmt. Put in amount and get error. What doing wrong to get error?

  • March 18, 2024
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1 reply

PatriciaV
March 18, 2024

Form 1065 Schedule K-1 Box 20 Code Z reports Section 199A (QBI) information. After you choose this code from the drop-down, leave the box empty. Continue through the interview until you see a page "We see you have Section 199A income." Answer the question here and the next page provides boxes to enter the QBI information provided with the K-1. Continue through the pages until you are back at the K-1 summary page.

 

If you have done these steps, please provide the exact text of the error you receive.

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