"199A REIT Dividends" on a Grantor Letter from a Trust (what do I do with it?)

My question relates to filing my 2018 tax return with the IRS.

I have a 2018 Grantor Letter for a trust for which I am a beneficiary. The accountant for the trust opts to give me this letter instead of providing it on a formal K1 (Form 1065).

The grantor letter shows "199A REIT DIVIDENDS" of $300.

It is unclear to me ...

(1) if I qualify to take a 20% deduction on this. Some clarity or direction on how one determines this would be appreciated.

(2) Where does one enter this figure in Turbotax (Home and Business edition)? I don't see anywhere in the "Schedule K-1 Worksheet" in Turbotax to address this topic/entry.

198

Level 15

Apr 27, 2020 8:21:42 AM

For a K-1, those dividends would typically be entered in Box 5. You might also have an entry from the K-1 in Box 14 (with an I code).

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"199A REIT Dividends" on a Grantor Letter from a Trust (what do I do with it?)