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Get your taxes done using TurboTax
Just as an update for this thread for 2020 taxes. QBI deductions are now on Form 1040 line 13 and TurboTax Deluxe handles QBI for 199A dividends and completes Form 8995. If you receive a 1099 Div with a Line 5 amount just check Form 1040 line 13 to determine if you got the deduction. Under most circumstances the deduction amount should be 20% of the Line 5 amount.
‎February 23, 2021
8:19 PM