topic Qualified Business Income Deduction in Get your taxes done using TurboTax

Qualified Business Income Deduction

Diego133 — Mon, 23 Feb 2026 13:24:18 GMT

Filing a joint return using TurboTax online. Under the Qualified Business Income Deduction Summary, TurboTax is showing a QBI amount of $37 (Total income from PTPs and REITs), with a QBI deduction of $7. We don't have any business expenses. Cannot tell where this information is coming from or how to edit it. Is this a proper deduction, or a possible error with TurboTax? Thank you.

Re: Qualified Business Income Deduction

Bsch4477 — Sat, 04 Feb 2023 17:00:04 GMT

You probably have an amount in box 5 of your 1099-DIV.

Re: Qualified Business Income Deduction

Diego133 — Sat, 04 Feb 2023 17:03:47 GMT

Yes, that's it. Had no idea Section 199A dividends were related. Thank you.

Re: Qualified Business Income Deduction

Mike9241 — Sat, 04 Feb 2023 17:45:31 GMT

you get a 20% deduction on line 13 of 1040 for qualified REIT dividends $7 seems correct. if you want to avoid any additional fees due to the required form 8995 delete the line 5 amount on the 1099-DIV.