IRS Form 8995 Qualified Business Income Deduction Simplified Computation will be included in the tax return if the tax return contains income that could qualify for a qualified business income deduction. The income source will be listed on line 1.
REIT dividends could qualify the tax return for a QBI deduction but a very small dollar amount may round the deduction to less than $1.
There also may be QBI carryover losses from previous years that reduce a QBI deduction for the current year to $0.
Qualified REIT dividends include any dividends you received from a REIT held for more than 45 days and for which the payment isn’t obligated to someone else and that isn’t a capital gain dividend or qualified dividend, plus your qualified REIT dividends received from a regulated investment company (RIC). This amount could be reported on a Schedule K-1 or on IRS Form 1099-DIV, line 5.
[Edited 03/27/2022 8:04 AM PST]
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