I received a K-1 with Section 199A Dividends but they are not transferring to the Form 8995A

[bill334]

I received a K-1 that shows Section 199A dividends.

I entered them in the K-1 interview.

Why are they not transferring to the form 8995A?

[Anonymous_]

Form 8995-A is scheduled to be available on 2/20/2020.

See https://care-cdn.prodsupportsite.a.intuit.com/forms-availability/turbotax_fed_online_individual.html

[bill334]

The Form 8995A was updated today but this problem is still not fixed.

Section 199A Dividends from From 1099 are being handled correctly.

Section 199A Dividends from the K-1 from 1120S are NOT being transferred to the Form 8995A.

[Anonymous_]

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@bill334 wrote:

Section 199A Dividends from the K-1 from 1120S are NOT being transferred to the Form 8995A.

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Are they being transferred to Form 8995 (see below)?

Individuals and eligible estates and trusts that have QBI use Form 8995 to figure the QBI deduction if:

• You have QBI, qualified REIT dividends, or qualified PTP income or loss (all defined later),

• Your 2019 taxable income before your QBI deduction is less than or equal to $160,700 ($160,725 if married filing separately or a married nonresident alien; $321,400 if married filing jointly), and

• You aren’t a patron in a specified agricultural or horticultural cooperative.

Otherwise, use Form 8995-A, Qualified Business Income Deduction, to figure your QBI deduction.

[bill334]

My tax return  shows Form 8995A.  I need to use Form 8995A, not Form 8995.

[bill334]

When will this error be fixed?

I entered the Section 199A Dividends in the K-1 Interview but they are not transferring to the Form 8995A

[smhtax]

On February 24, REIT dividends from K-1 line 14 code I are still not transferring to the QBI form 8995-A

[DavidS127]

The issue with REIT 199A dividends reported on a trust Form 1041 Schedule K-1 is being worked on. I will update you when the issue has been resolved.

[Edited 03/02/2020|8:42am PST]

@smhtax 

@bill334 

@Anonymous_ 

[bill334]

Will the issue with REIT 199A dividends reported on a Form 1120S Schedule K-1 be fixed?

[DavidS127]

I believe updates to TurboTax since 3/10/2020 will resolve your issue with REIT/Section 199A dividends reported to you on your trust Form 1041 K-1.  

TurboTax Online will be updated when you sign in.  If you are using TurboTax Download/CD, check for updates (menu at top, Online>>Check for Updates).

@smhtax 

@bill334