I am an employee with some capital gains. I don't have any rental property.
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That's where your 199a deduction is coming from. Box 5 on form 1099-DIV reports REIT (Real Estate Investment Trust) distributions. Although REITS are not considered to be QBI, they can qualify for the Section 199A deduction.
That's where your 199a deduction is coming from. Box 5 on form 1099-DIV reports REIT (Real Estate Investment Trust) distributions. Although REITS are not considered to be QBI, they can qualify for the Section 199A deduction.
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