Get your taxes done using TurboTax

there is no direct deduction for REIT dividends. They are included in box 1 of the 1099-DIV and are taxable. What you get is a 20% deduction of that amount that appears on line 13 of the 1040. you may have to review form 8995 to see the computation. however, if you're using online you have to pay first before you can see the form.