JohnB5677
Expert Alumni

Deductions & credits

If you have 199A dividends you are entitled to the deduction.  The IRS says:

"Many owners of sole proprietorships, partnerships, S corporations and some trusts and estates may be eligible for a qualified business income (QBI) deduction – also called Section 199A – for tax years beginning after December 31, 2017. The deduction allows eligible taxpayers to deduct up to 20 percent of their qualified business income (QBI), plus 20 percent of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income."

 

Please see full text at:   IRS Qualified Business Income Deduction

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