CPAAlly
Level 1
12-07-2019
11:12 AM
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poolcleaner
Level 9
12-07-2019
11:12 AM
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Which code have you entered from Line 14 on the Sch K? That is a wide range of possibilities.
CPAAlly
Level 1
12-07-2019
11:12 AM
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Code I with all pertinent data is on the K-1 from the 1041 but it does not populate the section on the beneficiary's K-1 worksheet on the 1040
poolcleaner
Level 9
12-07-2019
11:12 AM
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After you enter the amount one Line 14, go to the worksheet and down at the bottom of the worksheet there is a place to enter the name and EIN of the business producing the 199A income. Be certain to enter all of the information requested regarding the QBI.
CPAAlly
Level 1
12-07-2019
11:12 AM
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I do not see anywhere to enter the line 14 code I info. I have entered the trust name and ID as you suggested but it made no change in the fields