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Level 1
December 7, 2019
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On a c-corp, Form 1120, where do you input the K-1 data from Box 20z?

  • December 7, 2019
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Best answer by amelendez

The IRS says: 

Many owners of sole proprietorships, partnerships, S corporations and some trusts and estates may be eligible for a qualified business income (QBI) deduction – also called Section 199A – for tax years beginning after December 31, 2017. 

Since no way to calculate or report the 199a deduction on Form 1120, there is no place to enter box 20z. 

https://www.irs.gov/newsroom/qualified-business-income-deduction

1 reply

amelendezAnswer
Level 5
December 7, 2019

The IRS says: 

Many owners of sole proprietorships, partnerships, S corporations and some trusts and estates may be eligible for a qualified business income (QBI) deduction – also called Section 199A – for tax years beginning after December 31, 2017. 

Since no way to calculate or report the 199a deduction on Form 1120, there is no place to enter box 20z. 

https://www.irs.gov/newsroom/qualified-business-income-deduction