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I am preparing a Form 990-T for an IRA which files as a Trust and not as a corporation. Form 990-T instructions allows for a QBI deduction. Where is the input Screen?

LarryG
Level 3
I received a Sch K-1 from a partnership for an IRA that reported UBTI and also reported QBI relating to the UBTI.  According to the IRS, Form 990-T filing as a trust (such as an IRA) is allowed to deduct the QBI on line 9 on page one but I cannot find an input screen in Lacerte to enter the QBI.
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LarryG
Level 3

I found the answer. It is Screen 95.  I just did not look far enough.

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2 Comments 2
LarryG
Level 3

I found the answer. It is Screen 95.  I just did not look far enough.

sjrcpa
Level 15

Thanks for sharing the solution.


Ex-AllStar
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