Why is Turbo Tax giving me the Qualified Business Income deduction when I am retired & my only income is SS, IRA withdrawals, & oil & mineral royalties?
I am retired and have no business. My onlly income is SS, IRA withdrawals, & oil & gas royalties.
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1 Best answer
DDollar
Expert Alumni
Jun 1, 2019 1:17:59 PM
It would be because of the oil and gas royalties. They qualify for the QBI deduction.
3 Replies
DDollar
Expert Alumni
Jun 1, 2019 1:17:59 PM
It would be because of the oil and gas royalties. They qualify for the QBI deduction.