DavidS127
Expert Alumni

Get your taxes done using TurboTax

TurboTax automatically calculates your Qualified Business Income (QBI) deduction based on the entries you make for QBI businesses (Schedule C self-employment income, Schedule E rental income) or the entries you make for QBI income "passed through" from other businesses (1099-DIV, Schedule K-1).

 

For everything except the 1099-DIV, you answer a QBI question during the TurboTax interview (i.e., yes or no).  For the 1099-DIV, there is no way in TurboTax to (correctly) report these Section 199A dividends as anything other than QBI, unless you know that they were held for less than the required 45 day holding period.

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