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dawnkeogh
New Member

I am a W-2 and am receiving Qualified Business Income Deduction . Why?

Individual, W-2. Why am I getting Qualified Business Income Deduction?
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MayaD
Employee Tax Expert

I am a W-2 and am receiving Qualified Business Income Deduction . Why?

Did you receive a 1099-DIV or Schedule K-1?

 

You may be entitled to a deduction of up to 20% of your net QBI from a trade or business, including income from a pass-through entity, but not from a C corporation, plus 20% of qualified real estate investment trust (REIT) dividends( form 1099-div box 5) and qualified publicly traded partnership (PTP) income.

Qualified Business Income Deduction

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