JamesG1
Expert Alumni

Get your taxes done using TurboTax

You likely qualify for the deduction.

 

IRS Form 8995 computes the Qualified Business Income Deduction and should reduce your tax burden by reporting a deduction on line 13 of the Federal 1040 tax return.

 

The REIT / PTP component can be generated from qualified real estate investment trust (REIT) dividends or qualified publicly traded partnership (PTP) income.  This component may be reported on an IRS form 1099-DIV.

 

 

See also this IRS Publication.

 

@dj-h 

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