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New Member
posted Jun 4, 2019 3:04:24 PM

Do I get a qualified business income deduction even though I am retired?

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1 Best answer
Expert Alumni
Jun 4, 2019 3:04:25 PM

Maybe.  You may not have a business, but if you are receiving any dividends from a REIT (Real Estate Investment Trust), you could be receiving a Section 199A deduction.  While income from a REIT is not QBI in and of itself, it does qualify for the Section 199A deduction.   REIT dividends are reported either on a Schedule K-1 or on a Form 1099-DIV in box 5.  If you had this, you do qualify for the Section 199A deduction.

1 Replies
Expert Alumni
Jun 4, 2019 3:04:25 PM

Maybe.  You may not have a business, but if you are receiving any dividends from a REIT (Real Estate Investment Trust), you could be receiving a Section 199A deduction.  While income from a REIT is not QBI in and of itself, it does qualify for the Section 199A deduction.   REIT dividends are reported either on a Schedule K-1 or on a Form 1099-DIV in box 5.  If you had this, you do qualify for the Section 199A deduction.