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How to file K1 and 199A for Trust Income in Turbo Tax
I have additional income in the form of a trust. I received a K1 and a 199A. In Turbo Tax, I entered the information provided on my K1. Only lines 1 (interest income), 7 (net rental real estate income), and 14 have any information. For box 14 I have code E with a value, but then I have code I with no value. It says *K-1 Wks QBI. I did receive a statement A - QBI Pass-through entity reporting form (199A-6). It only has 1 value under ordinary business and rental income(loss). There are no other values on this form. Is this the value I enter into Turbo Tax for code I?
‎April 6, 2025
5:43 PM