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You may wish to amend your tax return. Box 5 - 199A dividends count as Qualified business income and you are entitled to a deduction of 20% of the amount shown in box 5. The IRS would most probably not bother you for not amending. It is up to you to decide whether the tax savings on 20% of the amount is worth doing the amendment.
You may wish to amend your tax return. Box 5 - 199A dividends count as Qualified business income and you are entitled to a deduction of 20% of the amount shown in box 5. The IRS would most probably not bother you for not amending. It is up to you to decide whether the tax savings on 20% of the amount is worth doing the amendment.
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