Did the asset that you sold generate 199A dividends reported in box 5 of the 1099-DIV? If so, you may qualify for the deduction.
If you can identify the source of the Qualified Business Income, you can delete the form and re-enter to make sure that it has been entered correctly.
The Qualified Business Income Deduction can be generated from one of two components.
- The QBI component can result from a sole proprietorship, partnership, S corporation, trust or estate. The first component would likely be reported on Schedule C, Schedule E, Schedule F or a K-1.
- The REIT / PTP component can be generated from qualified real estate investment trust (REIT) dividends or qualified publicly traded partnership (PTP) income. The second component could be reported on 1099-DIV or a K-1.
See also this IRS FAQ.
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