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QBI

Forum|Forum|6 years ago
April 16, 2020
2 replies
18 views

Hi, somehow I ended up with a QBI on my tax return. I don't think it should be there, but I have no idea how it got there. Obviously, I entered something somewhere, but I need help to remove it.

Thanks, Nancy

Best answer by MinhT1

You may have the QBI deduction if you have Section 199A reported on a form 1099-DIV or a Schedule K-1 reporting business income. You do not necessarily have to own a business to have the QBI deduction.

MinhT1Answer

Level 15

You may have the QBI deduction if you have Section 199A reported on a form 1099-DIV or a Schedule K-1 reporting business income. You do not necessarily have to own a business to have the QBI deduction.

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nanmar115Author

Level 2

Thank you. Turns out on two of my 1099-DIVs, I had 3 amounts in box 5. Those totaled my QBI amount.