As of March 5, 2020, QBI deductions are not being computed and deducted in TurboTax for section 199A REIT entries indicated as Box 14 code I entries on the K-1 form. To claim the deduction, override line 9 of Turbotax form “Qualified Business Income Deduction Summary” with the total of section 199A REIT dividends reported on your K-1. The value will pass to form 8995 and the computed deduction will appear on line 10 of your 1040. This deduction pass through is permitted for beneficiaries of charitable trusts.
