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I need to file an amended return that deletes my qualified business income deduction as it was entered in error. How do I delete this in my amended return?

 
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2 Replies
JulieCo
New Member

I need to file an amended return that deletes my qualified business income deduction as it was entered in error. How do I delete this in my amended return?

why do you think the QBI deduction was an error?  It is something that is automatically calculated based upon the type of income reported on a return.  
JulieCo
New Member

I need to file an amended return that deletes my qualified business income deduction as it was entered in error. How do I delete this in my amended return?

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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