Can I enter where K-1 Partnership, Line 20, Code Z additional info for Sched E Oil Royalty QBI 199A?

Forum|Forum|3 years ago
February 23, 2023
2 replies
29 views

I have a K-1 Partnership, with a Code Z ...stmt. I have looked at additional information worksheets, but none of them seems to have a place to enter the code Z info. I have a Statement. This is regarding a Schedule E Royalty QBI and a 199A . I have A Statement showing me this data: Royalties Amount Schedule K-1 Line 7 (which is no Problem) and No Info for Code Z. Could I be missing something on the Schedule E that is keeping me from connecting to the Code Z? Thanks for any help!

ProSeries Professional

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Best answer by 2084

Thanks! I found the sheet you suggested and just realized I need to Create and new Schedule E for this Royalty. This K-1 is a pass through for another K-1 but both hold different information. I have to separate the amounts. Very Confusing! Wish me luck! and Thanks

dkh

Level 15

On schedule K1 Partnership - scroll down to line 20Z - there is a Quickzoom that will take you to spot to enter code Z info

2

2084AuthorAnswer

Level 5

Thanks! I found the sheet you suggested and just realized I need to Create and new Schedule E for this Royalty. This K-1 is a pass through for another K-1 but both hold different information. I have to separate the amounts. Very Confusing! Wish me luck! and Thanks

dkh

Level 15

Good luck!

Hope you have some chocolate on hand to help ease the stress.

IRonMaN

Level 15

I heard Fireball is most often the first choice for the majority of ProSeries users. Well, at least for one user anyway. 😀

Slava Ukraini!

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