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Get your taxes done using TurboTax
Go to Forms mode in TurboTax Business (icon top right in blue bar) and find the Form 1041 in the column on the left. Click on that form, and line 20 will show your QBI deduction. Click on the line 20 box and then click the magnifying glass icon, and it will open up the QBI Ded Summary showing the source of the QBI deduction calculation. Click or "right-click/Data Source" on the amounts in the QBI Ded Summary to find the source of each of the amounts.
Also, find the individual K-1 forms received by the trust. On each of those forms, scroll down to find the "B1 Qualified Business Income Deduction - Statement A" and "B2 Qualified Business Income Deduction Worksheet" sections to "track" the Section 199A amounts for the K-1 you entered.
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March 21, 2020
11:38 AM