You'll need to sign in or create an account to connect with an expert.
You may not need to delete it. Do you have a 1099-DIV with amounts in Box 5? That income is qualified business income (QBI).
Generally, you may be allowed a deduction of up to 20% of your apportioned net qualified business income (QBI) plus 20% of your apportioned qualified REIT dividends, also known as section 199A dividends, and qualified publicly traded partnership (PTP) income from the trust or estate.
Other reasons you may be getting a QBI Deduction
For the purposes of the deduction, QBI is defined as net business income, excluding:
Thank you!
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
jessdutra23
New Member
LifeinPTC
Level 2
brankga
Level 1
mimi01
Level 1
newttuser12
Level 1