2843698
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

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?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

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?

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

View solution in original post

1 Reply

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?

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question