I do not own a business. In the "Qualified Business Income Deduction Summary" it shows a QBI amount of $37 and a QBI deduction of $7. Where did this amounts come from?

My wife and I are filing a joint return using TurboTax Premier. We do not own a business, nor have we ever. It seems TurboTax came up with these QBI amounts on its own, with no way for us to edit them. Is this a legitimate deduction?

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1 Best answer

Level 15

Jan 29, 2023 8:57:44 PM

You probably have an amount in box 5 of a 1099-DIV. The deduction is legitimate.

Level 15

Jan 29, 2023 8:57:44 PM

You probably have an amount in box 5 of a 1099-DIV. The deduction is legitimate.

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I do not own a business. In the "Qualified Business Income Deduction Summary" it shows a QBI amount of $37 and a QBI deduction of $7. Where did this amounts come from?