Yes, the Qualified Business Income deduction is calculated on REIT dividends that are reported in box 5 of a 1099 DIV form.
Per the IRS recently
released Notice
2019-07, the following is a definition of the income included in the QBI
deduction calculation:
Congress
enacted section 199A (the Qualified Business Income Deduction) to provide a
deduction to non-corporate taxpayers of up to 20 percent of the taxpayer’s
qualified business income from each of the taxpayer’s qualified trades or
businesses, including those operated through a partnership, S corporation, or
sole proprietorship, as well as a deduction of up to 20 percent of aggregate
real estate investment trust (REIT) dividends and qualified publicly traded
partnership income.
Plus, below is more general information about the Qualified Business Income deduction:
