topic Yes, thanks so much! in Retirement tax questions

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?

peggy-biggs — Sat, 01 Jun 2019 20:17:57 GMT

I am retired and have no business. My onlly income is SS, IRA withdrawals, & oil & gas royalties.

DDollar — Sat, 01 Jun 2019 20:17:59 GMT

It would be because of the oil and gas royalties. They qualify for the QBI deduction.

peggy-biggs — Sat, 01 Jun 2019 20:18:00 GMT

Yes, thanks so much!

DDollar — Sat, 01 Jun 2019 20:18:00 GMT

You're welcome. Thanks for using TurboTax!!