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

Qualified Business Income deduction
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JulieS
Expert Alumni

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

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.
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