QBI
I have no earned income and do not own a business or rental property. My 1099-DIV for one mutual fund includes an entry in Box 5 - Section 199A dividends which leads to a QBI deduction of 20% of the entry.
Can this be correct?
I have no earned income and do not own a business or rental property. My 1099-DIV for one mutual fund includes an entry in Box 5 - Section 199A dividends which leads to a QBI deduction of 20% of the entry.
Can this be correct?
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