I'm retired filing my 1040. When I printed my completed return I notice that I had an amount on line 9 'Qualified business income deduction' of $54. What is this?
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I'm retired filing my 1040. When I printed my completed return I notice that I had an amount on line 9 'Qualified business income deduction' of $54. What is this?
I'm a retired senior citizen. This amount should be 0 but I have no idea how to change it.
I'm retired filing my 1040. When I printed my completed return I notice that I had an amount on line 9 'Qualified business income deduction' of $54. What is this?
I can answer my own question. Further review: I had REIT DIV income that was reported as 'Section 199A dividends' (line 5 of the 100-DIV) that allowed me the 20% Qualified Business Income Deduction worksheet.