Support CenterOn form 1065 Pg 4 - On form 1065 Pg 4, Schedule K, Other Information section, Line 20(z), Section 199A Income Amount is required when there was no income produced this year.Also on the form Sch K1, Part II, Line J, Profit Loss Ending percentages.And again on the sub form of the Sch K1, the Sch
🔍 On Form 1065 Pg 4 (Schedule K) and Schedule K-1: Required Fields
This article explains what to do when Form 1065 Pg 4, Schedule K, Other Information requires an entry for Line 20(z), Section 199A Income Amount even when there was no income produced this year, and when related fields on Schedule K-1 require values.
⚠️ Before You Begin
You will need to:
- Locate the red underlined required field(s) on the form.
- Use the function key F3 to clear required fields.
📊 Step-by-Step Guide
Step 1: Click the Red Underlined Required Field
Use this when you need to access the required field that is currently blocking entry.
Click the red underlined field.
Step 2: Use Function Key F3 to Clear the Required Fields
Use this when you need to clear required fields so the preparer can proceed.
Use the function key F3 on the lines to clear the required fields.
Step 3: Keep the Partner at 0%
Use this when there was no income produced this year and the partner should remain at 0%.
After clearing the required fields, the preparer is able to keep the partner at 0%.
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Phone: 1-800-516-9442
Tags: federal,form