Hello,
I have 2 questions please:
1.
I have a trust K1 form. Box 14 is marked with Code I section 199A REIT dividends. However later on in the K1 questions and at the end Turbo Tax keeps asking about the business name and the EIN, however there is no business.
I believe I read somewhere that I should just put the Trust name on the business? I do have the trusts EIN to use so that part is not an issue if I do use the trust name.
2.
I have a foreign tax credit carryover distributed (minimum tax basis) on my K1. The directions say to enter on form 1116 or schedule A if applicable.
I went through the form 1116 and it did not ask me for the value of the credit. I know I can input it on the K1 form..but it does not say to do that on my statement.
Help?
Thanks,
Dave
