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Schedule K-1 Box 14
My 2 siblings and I have a Family Trust. The only thing in the trust is real estate. We are renting out a building on the property and that is the only income for the trust. I have generated the Schedule K's and in Box 14 it shows I* (the letter) and then STMT. Apparently there should be some kind "attached statement with additional information". I don't know what information they want. There is a figure in box 7 (Net rental real estate income), Box 9 A and Box 12. Any suggestions?
Thank you!
Mary
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‎April 16, 2020
2:57 PM