1041 Schedule K-1

yankeebellesb — Tue, 14 Apr 2020 16:38:28 GMT

I have a K-1 from my Father's Trust. I received a second page labeled Qualified Business Income Pass-through Entity Reporting Statement A - QBI. There is an entry under Section 199A Dividends with 97 listed. Can you tell me where to report this 97?

Thanks,

Sue B

Re: 1041 Schedule K-1

DavidS127 — Tue, 14 Apr 2020 17:09:20 GMT

You'll need to put the information on that K-1 Section 199A Statement or STMT into the ".....has REIT Dividends" category on the first line of the "We need some information about your 199A income or loss" screen. (see screenshot later in this post).

Enter the code I (as in India) when you enter the K-1 box 14 screen, but you don't need to enter an amount. Continue on, and you'll find the "We need some information about your 199A income or loss" screen. When you check the box next to that first line, a place will open up to enter your $97.

To get back to the K-1 summary screen and find the Schedule K-1 to edit, click the "magnifying glass Search" icon on the top row, enter "k-1" in the search window and press return or enter, and then click on the "Jump to k-1" link to find the K-1 you need to edit.

Here is the screenshot for the "We need some information about your 199A income or loss":

Re: 1041 Schedule K-1

yankeebellesb — Fri, 17 Apr 2020 12:13:43 GMT

Thanks, worked perfectly.

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1041 Schedule K-1

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