Question

K1 question

Forum|Forum|5 years ago
April 15, 2021
1 reply
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I received a K1 from a trust in our family. Box 14 has two entries. One is an "E" with a corresponding dollar amount, but there's also an I (as in India) in Box 14 with a notation of "Stmt" next to it. There is no statement attached and the Preparer said nothing printed out in terms of a worksheet. As I enter the K1 info I'm asked about dividends for 199A . This trust received dividends from a REIT, no business income. How do I answer the question about 199A dividends? Do I just enter the Ordinary and Qualified that's on my K1? I've entered that before and it's on Sch B.

A

Anonymous_

Employee

You should have a statement (or at least a dollar figure) to go along with Line 14I.

Contact the trustee and then enter the figure on Line 14I. Check the box on the following screen and then enter the dollar figure for REIT dividends on the next screen.

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