topic yes! in Business & farm

I am not a sole proprietor or partnership. Why am I getting a Qualified Business Income Deduction?

WKH3 — Sat, 01 Jun 2019 15:23:22 GMT

I am an employee with some capital gains. I don't have any rental property.

Do you have a 1099-DIV with an amount in Box 5?

DanielV01 — Sat, 01 Jun 2019 15:23:23 GMT

Do you have a 1099-DIV with an amount in Box 5?

yes!

WKH3 — Sat, 01 Jun 2019 15:23:24 GMT

yes!

Thanks for your help!

WKH3 — Sat, 01 Jun 2019 15:23:26 GMT

Thanks for your help!

You're welcome

DanielV01 — Sat, 01 Jun 2019 15:23:28 GMT

You're welcome

That's where your 199a deduction is coming from. Box 5 o...

DanielV01 — Sat, 01 Jun 2019 15:23:30 GMT

That's where your 199a deduction is coming from. Box 5 on form 1099-DIV reports REIT (Real Estate Investment Trust) distributions. Although REITS are not considered to be QBI, they can qualify for the Section 199A deduction.