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ltanney
New Member

Can u explain QBI on form Tax History Report. it is much less that I donated to charity from my RMD as a qualified charity donation?

Can you confirm the QBI on the Tax History Form should be what I contributed to Charity from my RMD. Mine doesn’t match, is way too low. Help?
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1 Reply
MarilynG1
Expert Alumni

Can u explain QBI on form Tax History Report. it is much less that I donated to charity from my RMD as a qualified charity donation?

QBI is for Qualified Business Income, which wouldn't apply to your charitable donations.  Your Charitable Donations are reported on Schedule A, if you itemize deductions. 

 

Here's more info on Qualified Business Income (QBI) Deduction.

 

@ltanney 

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