Spoke with the IRS after waiting for an hour on hold. The K-1 REIT Dividends are to be treated as exactly that…..REIT Dividends, not PTP or QBI if for beneficiary of a Trust/Estate not involving business income. When entered they must propagate to forms 8995 or 8995-A, respectively, for the optimal deduction. She did not think much of putting the Trust name and EIN as the PTP if our Trust/Estate income is NOT a business or PTP, merely pass thru income. She said TT needs to fix this with a software update if manually overriding would prevent an e-file. She questioned that, as well, and asked if I knew if anyone had manually overridden and corrected forms 8995/8995-A and tried to e-file. I do not nor have tried to e-file with a manual correction. Has anyone tried to e-file with an error message? I also ran by her the suggestion to add an additional DIV statement and she expressed concern that that might flag the return by not matching 1099-divs. Thoughts?
