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Code Z

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Level 1

Does anyone know a work around for line 20 of the K-1 code Z line?  

 

I need to file this return!  

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3 Replies 3
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Level 15

Are you preparing a 2018 or 2019 return?  Is it for a business or individual return?

What exactly are you trying to get around?  If it's a 2019 individual return, you'd need to wait for F.8995/F.8995-A to be finalized.

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Still an AllStar
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Level 1

When exactly is that expected?  Since the partnership experienced a loss, and this is merely a line entry at this point can't I e-file without it as the bottom line will not be affected? 

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Level 15

Not sure if you can just skip F.8995/F.8995-A.  There are now lines that require reporting of losses, including the amount of qualified business loss to be carried forward.

According to Intuit, F.8995 is final and EF-ready.  F.8995-A, on the other hand, is scheduled to be released only on Feb 5.  Have you updated your PS lately to make sure you have the latest form sets?

 

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Still an AllStar