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posted Mar 18, 2022 10:54:27 AM

Why am I getting a Qualified Business Income Deduction I dont own a business?

Qualified Business Income deduction

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1 Replies
Expert Alumni
Mar 18, 2022 11:14:06 AM

In addition to owning a business, the are other reasons you may get a Qualified Business Income deduction. Here are some of the investment items that trigger the QBI:

  • Form 1099-DIV with an amount in box 5.
  • Schedule K-1, box 20, code Z.
  • Some rental and royalty activities.