That does not sound like a 1099-R. Are you sure the form with the Box 5 amount is not a 1099-DIV. Form 1099-DIV with dividends marked in box 5 qualify for the Qualified Business Income (QBI) deduction.
Eligible taxpayers may be entitled to a deduction of up to 20 percent of their combined qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income. This component of the section 199A deduction is not limited by W-2 wages or the UBIA of qualified property. @uniqueusername
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