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As noted in my comment, the QBI deduction is a calculation done behind the scenes in TurboTax. If you had any self-employment income reported on Schedules C, E, or F, or if you had any REIT dividend income reported on a 1099-DIV in box 5 or income from a publicly traded partnership (PTP), then that income was subject to the QBI deduction. See more information below:
Per the IRS recently released Notice 2019-07, the following is a definition of the income included in the QBI deduction calculation:
Congress enacted section 199A (the Qualified Business Income Deduction) to provide a deduction to non-corporate taxpayers of up to 20 percent of the taxpayer’s qualified business income from each of the taxpayer’s qualified trades or businesses, including those operated through a partnership, S corporation, or sole proprietorship, as well as a deduction of up to 20 percent of aggregate real estate investment trust (REIT) dividends and qualified publicly traded partnership income.
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Raph
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Raph
Community Manager
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