The financial organization who completes your form has already identified you may be entitled to the qualified business income deduction (QBID) which is why you have an amount in Box 5. This means you should check your holding period(s).
- Box 5. Shows the portion of the amount in box 1a that may be eligible for the 20% qualified business income deduction under section 199A. See the instructions for Form 8995 and Form 8995-A
- Holding Period: Sec. 199A(e)(3) states that a qualified REIT dividend is any REIT dividend that is not a capital gain dividend or qualified dividend income (QDI). The qualified REIT dividend is subject to the 45-day holding period rule at the shareholder level under Regs.
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