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Unknown credit for QBI deduction
Under Deductions and Credits there is a credit for a QBI deduction. Where did this come from? On the screen it says, the Qualified Business Income (QBI) is based on the industry you work in and how much money you made. I am a project manager in the life insurance industry so this makes no sense to me. The amounts (QBI amount, and QBI deduction) were already filled in when I got to this screen. It also says this is the total income from PTPs and REITs. Both my wife and I own a real estate index fund. Is this where the deduction is coming from?
‎February 23, 2020
3:24 PM