I also have a form 1041 schedule K-1 with Box 14 entry coded "I" and "STMT" in the amount column. On the Schedule K-1 -199A Supplement (Line 14) form It shows an amount under the QBI Code I column and the SSTB box on the far right is empty.
If I input the amount on the 199A Supplement form into the K-1 Line 14, it thinks that I am eligible for the QBI 20% deduction which I am not eligible for. I am the executor of the trust and it does not qualify for the QBI deduction.
When I leave the Line 14 amount blank, then I do not receive the QBI 20% deduction, which is correct.
When I created the K-1 form in Turbotax Business, I experimented with the "Does the business qualify for the QBI 20% deduction?". When I said yes, the box on the 199A supplement had a "X" in the box under "SSTB". When I said no, the "X" in the 199A Supplement form under SSTB disappeared which it should have.
I think there should have been a question in Turbotax Premier asking if the box on the 199A supplement form under "SSTB" is checked or not. It would have saved me hours of searching for the correct answer.
To sum up, I left the numerical entry for Line 14 Code "I" blank which I believe is correct if the business does not qualify for the QBI deduction. Am I correct in my thinking?
