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Get your taxes done using TurboTax
Thanks for the reply. There is no PTP/EIN associated with the REIT holdings in the trust (that's what was so confusing about what TurboTax was asking for). I tried entering the trust name and EIN. It then took me to a screen where it asked for details on the REIT dividends. I entered that information, and it now shows tentative & net REIT dividends in the K1 worksheet, but this information isn't being properly passed along to the Form 8995. The Form 8995 lists the trust name & EIN with qualified business income=0, and the Qualified REIT dividends in the Form 8995 only shows income from another 1099-DIV. Any suggestions on how to get it to recognize the trust's REIT dividends? I'd like to use the full QBI deduction I'm allowed.
‎February 21, 2020
5:41 AM