Section 199A Information for a Trust

melpaw57 — Sun, 30 Mar 2025 17:54:06 GMT

Greetings all.

I am a beneficiary of a Trust. The Trust only has investments (stocks, bonds, savings accounts, etc).

On the Schedule K-1 I received, in Box 14, there is a code "I* STMT" shown.

(According to the instructions, Box 14 Code I is for Section 199A information.)

Then there is a note just below this stating:

* See attached statement for additional information.
Note: A statement must be attached showing the
beneficiary’s share of income and directly apportioned
deductions from each business, rental real estate, and
other rental activity.

There is no statement attached. There is no business or rental activity associated with this Trust.

Can I just indicate this (no business or rental activity) on the return?

Or am I missing something?

As always, thanks in advance for any input.

Re: Section 199A Information for a Trust

MaryK4 — Sun, 30 Mar 2025 20:57:42 GMT

If there is no 199A information you do not have to report it. If it is a trust with investments, it is possible there were REITs but if the information is not reported, you do not have to include the information in TurboTax. (Of course, if there is QBI, you would want to claim the deduction, but you would have to contact the trustee for more information.)

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Section 199A Information for a Trust

Re: Section 199A Information for a Trust