Sch K-1, Box 20, Code Z errors for the 2024 Turbotax Home & Biz

Forum|Forum|1 year ago
March 10, 2025
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I'm using TurboTax Home & Business 2024. I'm in the review process and the errors are showing up for "Sch K-1, Box 20 Code Z has been selected but no Section 199A income has been entered on Statement A." In the pop up, I have entered the amount, but the Code box is still red and it still shows up as an error no matter what I do. I have reviewed other similar posts but can't seem to find a way around this error. What do I do?

TurboTax Home & Biz Windows

JamesG1

Follow these directions to report Section 199A income from your partnership K-1.

At the screen Enter Box 20 info, you likely need to select code Z Section 199A information.
Click Continue.
At the screen We need some information about your 199A income, you will enter the information provided with your K-1.
Click the box to the left to open up the entry box on the right.
You may be entering:

Ordinary business income (loss) from this business,
W-2 wages for this business, and
UBIA of qualified property for this business.

Enter these values for the qualified business income deduction to be calculated.

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woolleyr

I have the same problem and cannot follow these instructions. "At screen" - what screen?

PatriciaV

After you enter Code Z for Box 20 from Schedule K-1 (no amount is needed), continue to the page "We see you have Section 199A income."

Answer the question on this page and the next.
Be sure to check the box for "My Partnership has business income..." and enter an amount in one of the income boxes (ordinary, rental, royalty, other).
Check any other boxes that apply and enter the amounts as needed.

@woolleyr

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