Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 

Section 199A pass-thru entity

Level 1

Question on where to input  the K-1  Box 20, code Z, for a SSTB partnership business.  

The info provided was

Ordinary income   (loss)     $20,000 loss

Self-employment Earnings    $150,000

Health Insurance Payments     4,000

The partner did receive guaranteed payments that were reported on page 1 of the K-1.  $174,000.  That figure differs from the self employment earnings above by the loss of $20,000 and the health insurance payment $4,000.    Also, page 1 of the Sch K-1 line 1, reflects ordinary income from the partnership.

What is the input on Lacerte for code z for ord income (loss)?

Also, is it necessary to check the box for the health insurance?

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Comment 1
Level 15

20 Z is screen 20 > Line 20 > Section 199A:Statements A and B (20Z)

Which box for health insurance?


Here's wishing you many Happy Returns