I'm still a bit confused (even after 2 expert tech support phone calls) about what forms are supposed to be created by TT Buisness in regards to QBI. I have a Simple Trust with mineral royalty income that DOES NOT qualify as QBI. When I made the entries in TT, I answered the question "Is this QBI?" as NO and proceeded through the rest of the return. When I preview the return, TT is adding the page "Qualified Business Income Pass-through Entity Reporting Statement A - QBI" to each of my K-1s. The beneficiary's share of income is listed as Rental Income under the heading of "QBI or Qualified PTP items Subject to Beneficiary-specific Determinations". None of the boxes in the column of PTP, Aggregated or SSTB are checked. The six K-1s are a bit messed up too because for some reason, TT added Code I and SMT to only the first two but not the other four. There is no explanation as to why this would happen since all six beneficiaries are the same.
My 1st question is, why is the supplement Statement A even printing with each K-1 when the income is NOT QBI and not all of the K-1s even had the Code I SMT on them? The tech support person agreed that I could override the two that had it to take it off. Thus the only code in Box 14 is E as it usually is every year. It is misleading to me to have that supplemental Statement A because it leads one to believe that the income IS QBI. (on a side note in case this is the reason for it showing up .... in last year's 2018 return, I mistakenly did say that the income was QBI but have since done more research and determined that it is not. Is this for some reason why it's showing up?) Also, TT will not let me delete the Statement A pages under the "Forms" view.
My 2nd question is, IF in the 1st question it is determined that the supplement Statement A should be printed with all the K-1s even though it's not QBI, then should I go and override the rest of the K-1s to add the Code I STMT to the K-1s?
At this point I'm really thinking that it's a bug in the program that needs to be fixed due to the Statement A being a new IRS requirement this year so appreciate any input you can provide. Thank you so much for your help!
