TT says I'm due a qualified Busines Income deduction. I wasn't employed at all in 2018 - not even self employed. Should I still get the deduction?

[SweetieJean]

Did you receive a K-1?

[VolvoGirl]

Could be from a 1099Div box 5.

[JulieCo · Accepted solution]

If you have an amount on a 1099 DIV in box 5, that amount is eligible for the Qualified Business Income 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.