Deductions & credits

If you are using a Download/CD version of TurboTax, check for updates to your TurboTax (menu at top, Online>>Check for Updates).  TurboTax Online will be updated when you sign in.  Recent updates (since 3/10/2020) have resolved some of the issues related to Section 199A/REIT dividend QBI reporting.

Use the following steps to clear the error related to your box 14 code I:

1. Go back to the K-1 for the trust and click Edit;
2. At the "Box 14 Info" screen where your code I and the amount is entered, click Continue three times to get to the "We see you have Section 199A income";
3. On that "We see you have Section 199A income" screen, check the box "The only source of Section 199A income is Section 199A dividends (also called "REIT dividends"), not business income" (assuming that is true);
4. Continue to the next screen, and your amount should already be entered in the box (if not, enter the REIT dividend amount);
5. Click Continue, and then Done.

This will resolve your issue with your box 14 code I information when you have only REIT dividends.

To get back to the K-1 summary screen and find the Schedule K-1 to edit, click the "magnifying glass Search" icon on the top row, enter "k-1" in the search window and press return or enter, and then click on the "Jump to k-1" link to find the K-1 you need to edit.

@carolinefreibergerfinley