Question

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

Forum|Forum|1 year ago
March 10, 2025
1 reply
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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

J

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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R

ront4

I have entered QBI value but still does not accept my return

DawnC

I can't get past this error. No matter what I enter or if I leave the Box 20 Code Z and Code ZZ empty, it always returns the error "Box 20 Code Z (or Code ZZ) has been selected but no Section 199A income has been entered on Statement A. I have no income reported on my Statement A. The TT Tax Support library offered no solutions that worked. I had to file an extension while I wait to see if TT can fix this.

If you have statement A for code Z, you will enter code Z on the following screen and enter an amount - it doesn't matter what amount you enter here. A couple of screens later you will get the 2nd screen in the image below. On that screen, select the type and enter the details of your Stmt A. The amount you enter for code z box 20 is ignored - only the amounts on the information about your 1099A income is reported.

@David L G