QBI

nanmar115 · ‎April 16, 2020

Hi, somehow I ended up with a QBI on my tax return. I don't think it should be there, but I have no idea how it got there. Obviously, I entered something somewhere, but I need help to remove it.

Thanks, Nancy

MinhT1 · ‎April 16, 2020

You may have the QBI deduction if you have Section 199A reported on a form 1099-DIV or a Schedule K-1 reporting business income. You do not necessarily have to own a business to have the QBI deduction.

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MinhT1 · ‎April 16, 2020

You may have the QBI deduction if you have Section 199A reported on a form 1099-DIV or a Schedule K-1 reporting business income. You do not necessarily have to own a business to have the QBI deduction.

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

nanmar115 · ‎April 16, 2020

Thank you. Turns out on two of my 1099-DIVs, I had 3 amounts in box 5. Those totaled my QBI amount.

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