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.