RE: Frm 8895 Turbo Tax program states I have income from an REIT when I have not received or entered any Data from a Sched-K. Its reported on QBI wrksh line 9 Why?

[bykerrn-gmail-co]

2020 Qualified Business Income deduction summary worksheet Line 9: Total REIT Dividends which transfers over to form 8895 Line 6 "Qualified REIT Dividends" and "PTP income and (loss). Data source states three different Sched K-1 's. I have no income from any K-1's and did not and will not receive any K-1's. The program did the same last year 2019 but I did not notice it.

[5smallhokies]

I am seeing the same thing in the Windows desktop version of TT Premier.  The Data Source shows coming from the K-1 as 0 but shows 18 on the Summary below.  Not a REIT or PTP so it is obviously not transferring correctly.  TurboTax needs to fix this bug.  I'm going to override it to the get it right for me.

[DanielV01]

It's likely not a bug.  If you have a Form 1099-DIV with a box 5 entry, that is where it is coming from.  That box reports REIT dividends.

[bykerrn-gmail-co]

• Thanks ,Daniel.
• Before your reply I went and scrutinized my 1099 Divs and found the $92 in box 5.
• It happened last year also but I did not get **bleep** over it .
• Had time this year to be **bleep**!

[lambda13]

5smallhokies's response does not appear to be for certain.  See other response above about 1099-DIV line 5 (Section 100A dividends).

[lambda13]

I just confirmed DanielV01's reply was the correct answer for me.  In terms of updates to TurboTax, it would be nice if the "Data Source" pointed to the 1099-DIV instead of looking for non-existent K-1's.