topic Schedule K-1 in Deductions & credits

Schedule K-1

Kuma — Mon, 27 Apr 2020 18:03:36 GMT

I received a Schedule K-1 form and in Box 14 has "I*" and underneath Other Information it has "STM".

This is the first time I ever received a Schedule K-1 form and I have no idea what all of this means.

What does STM stand for?

In TurboTax, when I enter the letter "I" in Box 14 it turns red as if this entry "I" is incorrect.

The code table indicates the letter "I" stands for "Section 199A information". What does that mean?

Does anyone have suggestions?

Also, I received a "Statement A-QBI Pass-through Entity Reporting" - the only amount on this form is beside "Rental Income". Do I need to enter this information somewhere on TurboTax - if yes where?

Again, I am new to these forms and information.

Thanks!

Re: Schedule K-1

Critter — Mon, 27 Apr 2020 18:34:28 GMT

STM means STATEMENT ... as in look at the statement for the information needed ... as you complete the K-1 entry screen follow the interview.

Re: Schedule K-1

Kuma — Mon, 27 Apr 2020 18:51:51 GMT

Okay, I was kind of thinking thats what STM stood for.

What statement and I am looking for?

Why in TurboTax, when I enter "I" in Box 14 does it turn red?

Re: Schedule K-1

Critter — Mon, 27 Apr 2020 19:04:43 GMT

Please use the following link to contact Customer Support for further assistance.

https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632