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Level 2
February 27, 2020
Question

QBI

  • February 27, 2020
  • 3 replies
  • 13 views

I have no business but get a QBI deduction.  Have done the return twice and can't figure out where the error is.  

3 replies

Level 15
February 27, 2020

You do not necessarily have to have a business to get the QBI deduction.

 

If you have reported a form 1099-DIV with box 5 filled (Section 199a dividends), you are eligible for the QBI deduction.

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0ldmanAuthor
Level 2
February 28, 2020

Thanks so much!  Was afraid to submit return with what I thought was an obvious error.  I genuinely appreciate you help.