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Level 2
February 26, 2023
Solved

199A Credit for trusts

  • February 26, 2023
  • 1 reply
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I have a trust with REIT/199a dividends on Box 5 of my 1099-DIV.  However, Turbo Tax for business does not calculate the 20 % credit for the Trust at all.  Do i have to enter it manually as a separate credit?

 

Any help appreciated.

Best answer by Anonymous_

@coalie wrote:

I have a trust with REIT/199a dividends on Box 5 of my 1099-DIV.  However, Turbo Tax for business does not calculate the 20 % credit for the Trust at all.


It is working for me on a test return and you should not have to enter it manually. Ensure that you have proceeded all the way through the interview section as there a QBI questions near the end.

 

1 reply

Level 15
February 26, 2023

@coalie wrote:

I have a trust with REIT/199a dividends on Box 5 of my 1099-DIV.  However, Turbo Tax for business does not calculate the 20 % credit for the Trust at all.


It is working for me on a test return and you should not have to enter it manually. Ensure that you have proceeded all the way through the interview section as there a QBI questions near the end.

 

coalieAuthor
Level 2
February 26, 2023

Thanks so much for your reply...very helpful...got it working now.