I've been stuck for days on this issue of form 1065 K1 Box 20 code Z. i successfully got through it the last two years but now it TT won't process because it doesn't like my entry for the above. It is an oil and gas partnership and I have two lines of data for Code Z: Ordinary income (Loss ) $-465, and Unadjusted Basis of assets $2437.
Thanks for your help.
