The K-1 shows *STMT for code I box 14 which is correct. This refers to the Statement A that shows the rental income and QBI for both properties. The beneficiary will report code I as well as code E for Box 14. The code I amount should be entered as the total Rental Income of the two properties. You progress to another question to once again enter the total Rental Income for the 2 properties combined as well as the "UBIA of qualified property" for the 2 properties combined.
If you need additional assistance with the personal return, you will need to send a token for that one as well. The steps are slightly different for personal returns:
Go to the black panel on the left side of your program and select Tax Tools.
- Then select Tools below Tax Tools.
- A window will pop up which says Tools Center.
- On this screen, select Share my file with Agent.
- You will see a message explaining what the diagnostic copy is. Click okay through this screen and then you will get a Token number.
- Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.
We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution. If you include @AliciaP1 in your post I'll be able to find it more quickly.
@almat21
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