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QBI Deduction Not Deserved?
I'm been fully retired for 8 years and only have investment income but TurboTax Premier 2019 keeps generating a Qualified Business Income (QBI) deduction for me. I've used TTP for all those years and it never produced this deduction. I don't believe I qualify for this as I do not earn an income but can't seem to get rid of this generated deduction. Perhaps it has something to do with a partial conversion of my Rollover IRA to a Roth IRA and therefore received a 1099-R?
Is this a bug with TTP or is something else going on? Please advise.
‎February 16, 2020
12:10 PM