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Level 4
April 5, 2025
Question

Qualified Business Income Deduction

  • April 5, 2025
  • 1 reply
  • 0 views

I do not own any businesses and I don't have any business related expenses. However, Turbo Tax seems to auto-calculated my QBI to be $1. Is this mandatory? Is this expected? Or should I just delete this form?

    1 reply

    Level 15
    April 5, 2025

    It probably comes from an amount in box 5 of a 1099-DIV. 

    yatoshuraAuthor
    Level 4
    April 5, 2025

    @Bsch4477 

     

    Can I simply delete the QBI form or should I just keep the $1 or whatever Turbo Tax calculated?

    Level 15
    April 7, 2025

    @Bsch4477 

     

    I kept the QBI, but then before I file, TurboTax kept asking me to review the QBI numbers. Is that a technical glitch? I don't have a business so I don't understand why it calculated the QBI in the first place. Any advice? 


    You didn’t answer whether you have a 1099-DIV with an amount in Box 5.