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Level 2
February 3, 2020
Question

QBI

  • February 3, 2020
  • 10 replies
  • 42 views

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? 

    10 replies

    Level 15
    February 3, 2020

    Yes, that is correct. 

    4LynneAuthor
    Level 2
    February 6, 2020

    Thanks.