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.
I have even deleted the K1 and re-entered all the info but I am in the same loop as before. TT won't finish, demanding that i review my Code Z entries. Thanks for your help.
