Support CenterWhere do I enter QBI deduction for a 1041fiduciary in SureFire 2018?
🔍 Where do I enter QBI deduction for a 1041 fiduciary in SureFire 2018?
This guide explains where the Section 199A (QBI) deduction amount appears on the 1041 and how it transfers to the beneficiaries’ K-1 forms in SureFire 2018.
⚠️ Before You Begin
Make sure you are working with the correct forms:
- 1041 (fiduciary return)
- 1041-K-2 (beneficiaries’ K-1)
đź“Š Step-by-Step Guide
Step 1: Locate the QBI deduction location on the 1041-K
Use this to find where SureFire places the Section 199A QBI deduction.
On the 1041-K, you will find (on line 14i) that there is a location added for the Section 199A QBI deduction.
Step 2: Confirm it transfers to the beneficiaries’ K-1s
Use this to verify the deduction carries to the beneficiary forms.
This will transfer over to the beneficiaries’ K-1s, found on 1041-K-2 (on line 14i).
Step 3: Enter the amount on the 1041 return
Use this to include the QBI deduction on the 1041 return.
To include it on the 1041 return, you will need to include the amount on the 1041 pg 1, line 15a, Section 199a.
đź“ž Still Need Help?
If you are having trouble, contact our support team:
Phone: 1-800-516-9442
Tags: federal,form