- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
You should not have to remove the amount from your tax return.
IRS Form 1099-DIV box 5 Section 199A dividends qualify your tax return for the Qualified Business Income Deduction.
IRS Form 8995 Instructions page 1 states:
Who Can Take the Deduction
Individuals and eligible estates and trusts that have QBI use Form 8995 to figure the QBI deduction if:
- You have QBI, qualified REIT dividends, or qualified PTP income or loss......
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 22, 2022
5:53 PM