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. 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 (all defined later),
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.
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