ThomasM125
Expert Alumni

Business & farm

Box 14 would report up to three items:

  1. Gross Farming and Fishing Income
  2. Net Investment income tax
  3. Section 199A information

More than likely it is referring to Section 199A information, which is for the qualified business income deduction (QBI), or net investment income tax.

 

If your trust is not reporting business income, then it would be for the net investment income tax most likely.

 

So, I would look for a statement referencing the QBI or Net Investment Income Tax as that may be the statement you need. 

 

Also, you might not have any of those items on the return, in which case you wouldn't need the statement.

 

 

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