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Level 2
Feb 3, 2020 4:12 PM UTC
Question

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? 

    10 replies

    Level 15
    Feb 3, 2020 4:17 PM UTC

    Yes, that is correct. 

    4LynneAuthor
    Level 2
    Feb 6, 2020 3:24 PM UTC

    Thanks.