mk12
Returning Member

QBI Entry from K1- 1041 ('STMT' for value)

I am entering a K1 (Form 1041) from an Inheritance/Estate for a personal return.

 

 The K-1 states that the QBI needs to be calculated, so there is 'STMT' instead of a value. ABC Investors is a partnership that invests in real estate.

 

Please explain the correct way to calculate and enter QBI based on the below information...

 

K1 (1041) Box 14 and ExtraK1 (1041) Box 14 and Extra