A trust receives Schedule K-1 from an investment in a S-Corp or partnership.
Form 1041 Schedule K-1 Box 14 reports "Other Information," which should be explained in supplemental information provided with Schedule K-1. See the IRS Instructions for Schedule K-1 Box 14.
Code F. Gross farming and fishing income.
The amount of farming and fishing income is included in box 6. This income is separately stated to help determine if you are subject to a penalty for underpayment of estimated tax. Report the amount of gross farming and fishing income on Schedule E (Form 1040), Supplemental Income and Loss, line 42.
Code I provides information on Section 199A (QBI). Again, the supplemental information should help with how to report this on your personal return.
There is no Code E for Schedule K-1 from a Form 1041 return.
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