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nusick
New Member

I don't understand why we are getting QBI tax break. Our income comes from W-2s and dividends and stock sales. So what could've triggered QBI for us?

 
4 Replies
Zbucklyo
Level 9

I don't understand why we are getting QBI tax break. Our income comes from W-2s and dividends and stock sales. So what could've triggered QBI for us?

Do you have dividends from REITS?
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nusick
New Member

I don't understand why we are getting QBI tax break. Our income comes from W-2s and dividends and stock sales. So what could've triggered QBI for us?

So even though neither of us is self employed or own a business, having REIT divs qualifies?
Zbucklyo
Level 9

I don't understand why we are getting QBI tax break. Our income comes from W-2s and dividends and stock sales. So what could've triggered QBI for us?

Yes
Zbucklyo
Level 9

I don't understand why we are getting QBI tax break. Our income comes from W-2s and dividends and stock sales. So what could've triggered QBI for us?

Do you have dividends from REITS?  Look at Box 5 on the 1099-Divs for Section 199A dividends.  Those are eligible for QBI (ridiculous or not).


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