JamesG1
Expert Alumni

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......
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