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Get your taxes done using TurboTax
I am also having this issue; Sch 14 (Form 1041) Line 14, Code I* STM; entered that data into the proper place in TT
next 2 questions did not apply, then got this
Contacted the Accountant that handles the Trust & she assures me that "This is not from a business. It is from 199A qualified dividends from the broker. Per line 5 of 1099-Div. You should not have to enter a business name or EIN.
All I can tell you is that that the QBI dividends need to end up on Form 8995 line 6. The best I can advise you is to play around with the inputs until you get the result on the form."
I've tried manipulating the Forms, including using a fictitious name & EIN number, and it still will not populate Form 8995 Line 6.
March 5, 2020
6:21 AM