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Schedule K1 (Form 1041) Box 14 Code i
As a trust beneficiary I received a K-1 (farm trust). In box 14 Code i the STM states "includes income from land rental. Per IRS Regs this only qualifies for the Section 199A deduction if it is self-rental OR rises to the level of a trade of business."
Under Qualified Business Income $9575 is shown.
Total Real Estate Investment Trust (REIT) Dividends under Unadjusted Basis Qualified Property $345 is shown.
Where on my tax forms do I place these dollar amounts?
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‎August 13, 2019
3:19 AM