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Get your taxes done using TurboTax
no probelm - I get same 199A for PFF corresponding on Box 5 on the 1099-DIV. This is just classifying some dividends already included in Box 1a, usually due to REITs. Just enter your 1099-DIV totals as provided which should reflect all these adjustments.
Box 5 is going to generate a QBI Deduction form 8995-A and do some magic and you may get a $1 deduction on Form 1040 Line 13. Woohoo! Don't ask me to explain it tho, I just let TTX do its thing.
‎February 15, 2025
10:37 AM