topic I am showing a Qualified Business Income Deduction on my 2024 tax return & I don't believe this is correct. How do I see how this was calculated and modify if necessary? in Get your taxes done using TurboTax

I am showing a Qualified Business Income Deduction on my 2024 tax return & I don't believe this is correct. How do I see how this was calculated and modify if necessary?

srob7440 — Tue, 03 Feb 2026 08:44:52 GMT

Re: I am showing a Qualified Business Income Deduction on my 2024 tax return & I don't believe th...

MinhT1 — Sun, 23 Feb 2025 14:53:20 GMT

Qualified Business Income (QBI) may consist of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income.

REIT dividends are reported on form 1099-DIV in box 5. PTP income are reported on Schedule K-1.

Please check whether you have these forms on your tax return. In that case, you would have a QBI deduction.

Re: I am showing a Qualified Business Income Deduction on my 2024 tax return & I don't believe th...

srob7440 — Sun, 23 Feb 2025 17:15:50 GMT

It was a result of a REIT dividend. I have a LLC that didn't generate any income in 2024 and I was thinking it was doing something associated with that incorrectly. Thanks.