Trust K-1 with Business Income

[HonestAbe1]

If there is more than one business with Section 199A income reported on a Trust K-1, how do you include them all? Section 199A income is detailed in the K-1 statement for Box 14 (I). The TTax Home & Office interview allows only one Section 199A business or 199A REIT dividend income to be listed. How do you add additional businesses and REIT income? It looks like the only way to do it is to add multiple K-1s all for the same Trust but list the Section 199A income for each business (and for the REIT income) separately on each. Is that the get around?

[tagteam · Accepted solution]

What you described is probably the only workaround, but it is most likely not necessary unless there are different TINs (EINs) for each business.

[HonestAbe1]

Thank you. The EINs for each is different, so it appears that multiple K-1s is the way to go.  TTax really should add the ability to enter multiple businesses for Section 199A income in that circumstance.