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Returning Member
posted Mar 4, 2024 8:45:16 AM

Why is my summary showing a QBI deduction. I'm a retired educator. I don't have any business deductions.

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1 Replies
Expert Alumni
Mar 4, 2024 8:54:09 AM

Yes, you can get a Qualified Business Income (QBI) deduction even if you aren't self-employed. It is probably from some of your investment income. 

 

In addition to business income, the following are eligible for the QBI deductions:

 

  • Qualified REIT dividends  from Form 1099-DIV box 5
  • PTP income Schedule K-1 (1065)
  • Commodities transactions or foreign currency gains or losses
  • Certain dividends and payments in lieu of dividends
  • Income, loss, or deductions from notional principal contracts
  • Annuities, unless received in connection with the trade or business