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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 Extra
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‎December 24, 2019
5:31 AM