I am using TT 2019 Small Bus Version. I have the same problem. My spouse is a beneficiary of a small trust. This year the Schedule K-1 (Form 1041) we received has in Box 14 two codes.
B 24
I* STMT with no $ amount. Refer to the additional STMT page. The first entry on the STMT document Box 14, CODE I - Section 199A REIT Dividend $59 There is more detail related to foreign tax income breakdown. All $’s amounts are for less than $401.
At that point TT wants me to create a QBI Entry which I don’t fully understand why. These are not other business’s. Its a Trustee managing financial investments. Not other business’s like Farms or Rental properties. TT keep saying I have an Error in final review and wants me to go down this road of declaring the Dividends source from some QBI. I’m at a loss at how to get by this error. I’m thinking I shouldn’t submit it without resolving. Experts out there any suggestions?
In TT 2018 (Deluxe version) there was an option to select IC Section 199A REIT dividends. Which I used last year. Worked fine.
