Q. Where can I deduct my Qualified REIT Sec 199A Dividends from 1099-DIV?
A. TurboTax does it automatically.
Enter your 1099-DIV at:
In TurboTax (TT), enter at:
- Federal Taxes tab (Personal in Home & Business)
- Wages & Income
Scroll down to:
-Interest & Dividends
- Dividends on a 1099-DIV
At the 1099-DIV screen, check the box "My form has info in more than just these boxes". You enter the section 199A dividends in box 5.
That one entry causes TT to claim the Qualified Business Income (QBI) deduction and fill out form 8995.
