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K1 question
I received a K1 from a trust in our family. Box 14 has two entries. One is an "E" with a corresponding dollar amount, but there's also an I (as in India) in Box 14 with a notation of "Stmt" next to it. There is no statement attached and the Preparer said nothing printed out in terms of a worksheet. As I enter the K1 info I'm asked about dividends for 199A . This trust received dividends from a REIT, no business income. How do I answer the question about 199A dividends? Do I just enter the Ordinary and Qualified that's on my K1? I've entered that before and it's on Sch B.
‎April 15, 2021
6:40 AM