topic I am a beneficiary for a (rental) trust. I was given Schedule K-1 and on #14 is I.Statement A- QBI Pass-through. It has rental income and UBIA, where do I put the values in Investors & landlords

I am a beneficiary for a (rental) trust. I was given Schedule K-1 and on #14 is I.Statement A- QBI Pass-through. It has rental income and UBIA, where do I put the values

szeman4 — Thu, 16 Apr 2020 05:36:29 GMT

Re: I am a beneficiary for a (rental) trust. I was given Schedule K-1 and on #14 is I.Statement A- QBI Pass-through. It has rental income and UBIA, where do I put the values

Anonymous_ — Thu, 16 Apr 2020 14:22:48 GMT

You should arrive at a screen following your K-1 entry that looks like the screenshot below. Enter the figure on that screen under UBIA.

Re: I am a beneficiary for a (rental) trust. I was given Schedule K-1 and on #14 is I.Statement A- QBI Pass-through. It has rental income and UBIA, where do I put the values

dmbulk — Fri, 30 Apr 2021 15:16:19 GMT

Same situation: Trust K1 from rental income. Box 14 shows "I* : STM", the K1 includes the "Statement A—QBI Pass-through Entity Reporting", but I only have the options for
"Yes, some or all income is a business"
or
"...REIT dividends..."

Trying all permutations will not get me to anyplace where I can enter QBI/UBIA values.

Note: on non-trust K1's I do get the screen pictured by Tagteam.

Re: I am a beneficiary for a (rental) trust. I was given Schedule K-1 and on #14 is I.Statement A- QBI Pass-through. It has rental income and UBIA, where do I put the values

Anonymous_ — Fri, 30 Apr 2021 15:20:50 GMT

@dmbulk

You will not get the "UBIA" screen if you select "REIT dividends".

You will only get that screen if you select "...some or all of this income is from a business".

Re: I am a beneficiary for a (rental) trust. I was given Schedule K-1 and on #14 is I.Statement A- QBI Pass-through. It has rental income and UBIA, where do I put the values

dmbulk — Fri, 30 Apr 2021 15:30:50 GMT

Thanks for your attention, Tagteam!

That permutation doesn't seem get the right input options either...

I get this:

(The business is not a PTP)
Continuing I get this:

Of course there is no other entity. I need to enter the "UBIA of Qualified Property"

Re: I am a beneficiary for a (rental) trust. I was given Schedule K-1 and on #14 is I.Statement A- QBI Pass-through. It has rental income and UBIA, where do I put the values

Anonymous_ — Fri, 30 Apr 2021 15:33:05 GMT

@dmbulk

For the business name and EIN you can enter the name of the trust and its EIN.

Re: I am a beneficiary for a (rental) trust. I was given Schedule K-1 and on #14 is I.Statement A- QBI Pass-through. It has rental income and UBIA, where do I put the values

dmbulk — Fri, 30 Apr 2021 15:38:54 GMT

@Anonymous_ - Your "Champ" status is very well-deserved, and thank you. That solution indeed works.

There are four entities with UBIA of Qualified Properties, so I assume I simply aggregate them into the cell.

Cheers & thanks Again!