Box 14 Code I is where you tell the beneficiaries how much of the income generated is from a trade or business that qualifies for the new (2017) pass-through deduction for "Qualified Business Income" (QBI)
(also known as the section 199A deduction). The benes might be able to deduct 20% of QBI on their 1040s. See page 3 of https://www.irs.gov/pub/irs-pdf/i1041sk1.pdf
It is very complicated and its application to rental properties is even more so because it is often not clear that a rental activity is a trade or business. (E.g. it is more like an investment.) So there is a complicated set of "safe harbor" rules that, if you follow them, means you are sure you qualify.
So if the income distributed is small you might just ignore it. Otherwise here are some starting points. You might seriously consider seeking guidance from a CPA, enrolled agent, or tax attorney. For an hour or two of their time they can look at your facts and tell you how to proceed.
https://www.picpa.org/articles/cpa-now-blog/cpa-now/2019/12/31/rental-property-and-section-199a-tax-...
https://www.irs.gov/pub/irs-drop/rp-19-38.pdf
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