Page 292 - Large Business IRS Training Guides

Passthrough Entity Reporting

S Corporations & Partnerships

• For each QTB, the entity must provide the

necessary information for its eligible

shareholders or partners to compute their

deduction (Schedule K-1, Other Information).

Estates & Trusts

• Split QBI items between the estate/trust and

its beneficiaries, and

• Report necessary information items allocated

to eligible beneficiaries (Schedule K-1, Other

Information).

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