Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 1
posted Jan 27, 2020 3:32:40 PM

QBI Deduction- mystery deduct -error in Turbotax

I only have W2 reported income and 1099 DIV income from mutual funds yet Turbo Tax is mysteriously calculating a QBI deduction.  I have no self employment income or small business income so  I assume I have discovered an error in Turbotax and they will send out a patch to fix the problem.    Everything that I entered has been checked and double checked and triple checked. Turbotax please respond when you will be fixing your error.

0 1 288
1 Replies
Level 15
Jan 27, 2020 3:36:43 PM

Look at Box 5 of your 1099-DIV. If you have any amount there QBI will be calculated.