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Unknown credit for QBI deduction

Under Deductions and Credits there is a credit for a QBI deduction. Where did this come from? On the screen it says, the Qualified Business Income (QBI) is based on the industry you work in and how much money you made. I am a project manager in the life insurance industry so this makes no sense to me. The amounts (QBI amount, and QBI deduction) were already filled in when I got to this screen. It also says this is the total income from PTPs and REITs. Both my wife and I own a real estate index fund. Is this where the deduction is coming from?

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3 Replies
VictorW9
Expert Alumni

Unknown credit for QBI deduction

Dis you file a Schedule C? Also, you may have received a 1099 DIV statement with an amount in box 5. If that's the case, then that's the reason you are having the 199A QBI decuction.

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Anonymous
Not applicable

Unknown credit for QBI deduction

look on you 1099-divs   specifically is there an amount in box 5 199A divdends,  this is dividends eligible for the QBI deduction.   there are many other sources for the QBI deduction - it is not a credit. 

Unknown credit for QBI deduction

Thank you HACKITOFF.  I was able to find this amount on the 1099-divs as you mentioned in box 5 199A.

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