Statement A was intended to be a document included with the K-1 listing the relevant Section 199A information.
IRS 2020 Instructions for Form 1065 states: (page 49)
Section 199A information (code Z).
The qualified business income (QBI) deduction may be taken by eligible taxpayers, including individuals and some trusts and estates. The deduction is determined at the partner level. Partnerships are required to report information necessary for their partners to figure the deduction. Use code Z with an asterisk (Z*) on each partner’s Schedule K-1 and enter “STMT” in the entry space to indicate that the information is provided on an attached statement that separately identifies the partner’s distributive share of:
- 1. Qualified items of income, gain, deduction, and loss;
- 2. W-2 wages;
- 3. Unadjusted basis immediately after acquisition (UBIA) of qualified property;
- 4. Qualified publicly traded partnership (PTP) items;
- 5. Section 199A dividends, also known as qualified real estate investment trust (REIT) dividends.
These are the items that you are looking for in your documentation or from your provider which you need to complete your qualified business income deduction entries.
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