Received a K-1. Box 14 has code I and shows STMT. Ben Qual Bus Income Deduction has only REIT dividends. Do we enter I &that dollar amount? Total or Beneficiary Share?

jme26 · ‎June 1, 2019

Beneficiary Qualified Business Income Deduction Information worksheet was provided. Beneficiary from a Trust. The Description shows Merrill Lynch with only information in the REIT Dividends column. There is a total and a beneficiary share (there were several beneficiaries). What do we enter in Turbo Tax for Box 14? Do we enter code I and leave the dollar amount blank and pull these REIT dividends in another place? Or do we enter for Box 14 Code IC Section 199A REIT dividends and then which number do we enter - the total or the beneficiary share?

Received a K-1. Box 14 has code I and shows STMT. Ben Qual Bus Income Deduction has only REIT dividends. Do we enter I &amp;that dollar amount? Total or Beneficiary Share?

Received a K-1. Box 14 has code I and shows STMT. Ben Qual Bus Income Deduction has only REIT dividends. Do we enter I &that dollar amount? Total or Beneficiary Share?