DanielV01
Expert Alumni

Business & farm

Yes.  You will need to enter these as separate entries on your K-1  The REIT dividends will be entered with a box 14 code in TurboTax of IC, whereas the PTP income is reported as ID.

Both of these income amounts are eligible for the Section 199A deduction, and are qualifiers of other taxable income that you have received reported on the Trust K-1.  You will definitely want to enter these amounts as Box 14 entries with the codes I mention to receive the Section 199A deduction.

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