DawnC
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Get your taxes done using TurboTax

Did you get a 1099-DIV with an amount in Box 5?  @ams0714 

 

Certain taxpayers are entitled to a deduction under section 199A computed by reference to several types of income, including qualified REIT (Real Estate Investment Trusts) dividends. A qualified REIT dividend is generally a dividend from a REIT received during the tax year that is not a capital gain dividend or a qualified dividend.

 

A RIC (regulated investment company) that receives qualified REIT dividends in a tax year may generally pay section 199A dividends for that year, which certain shareholders of the RIC that meet holding period requirements may treat as qualified REIT dividends for purposes of section 199A. 

 

QBI Deduction

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