How should I enter 199a info for line 14-I for a k-1 mineral trust with royalties? It is asking if REIT dividends (no) and if another business is involved (no sched A)?

taberflyer · ‎April 4, 2025

The income on the K-1 is listed as 14E, investment income, and statement I is broken down into royalties for each state (listed as ordinary business income/qualified non-service income) with directly apportioned deductions subtracted

PatriciaV

In general, income from a US trade or business that is included in your taxable income qualifies for Section 199A (QBI). Since you didn't receive Statement A, you may need to combine the items for Code I in order to complete the entries for this K-1.

According to the instructions for Form 8995, you can use the QBI Flow Chart to determine if an item of income, gain, deduction, or loss is includible in QBI.

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PatriciaV

In general, income from a US trade or business that is included in your taxable income qualifies for Section 199A (QBI). Since you didn't receive Statement A, you may need to combine the items for Code I in order to complete the entries for this K-1.

According to the instructions for Form 8995, you can use the QBI Flow Chart to determine if an item of income, gain, deduction, or loss is includible in QBI.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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How should I enter 199a info for line 14-I for a k-1 mineral trust with royalties? It is asking if REIT dividends (no) and if another business is involved (no sched A)?