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Trust 199A Dividends from Form 1099 Qualifying for QBI Deduction
My trust received a Form 1099 from a brokerage firm which included 199A dividend income. I entered this information into TurboTax Business and received a message that said the trust didn't qualify for the QBI deduction which I have filed successfully in the past through a CPA-prepared return. Yet all online sources affirm such dividends do qualify for QBI. The trust's total income is approximately $30K. Why did TurboTax Business say my trust didn't qualify for QBI and include a Form 8995 for filing?
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‎April 13, 2023
7:20 AM