How do I complete the 199A piece on box 5 of my 1099 Div

[JamesG1]

You may have to select My form has info in other boxes (this is uncommon). to access box 5 of the IRS form 1099-DIV.

Your entry will be posted on the correct worksheets within the tax return.

[kidellenville]

Thank you.  I did that and turbo tax sends me to another screen which requests that I calculate the amount I want to use for both the qualified dividend from the 1099 Div in box 1b as well as the Section 199A amount.    It appears that I can enter my calculation based on the 20 percent qualified business deduction explanation found on the 1099.  However in doing some research the experts only talk about doing the calculation based on the 199A amount (box 5) and not the qualified dividend amount listed in box 1b.  This is somewhat confusing and would appreciate your assistance in clarifying how best to address what turbo tax is asking me to do.  

[JamesG1]

Within the IRS form 1099-DIV entry, have you selected Some qualified dividends or section 199-A dividends are from securities that didn't meet the required holding period?

Please clarify.

[kidellenville]

Thanks.  I dont know how I would know that but maybe I inadvertently selected that option.  In your opinion, what should I select to properly characterize the amount listed in box 5 of the 1099 Div.  The 1099 Div was provided by my mutual fund and they don't provide much information other than what they put in the different boxes as well as the INSTRUCTIONS WHICH STATES "Box 5. Shows the portion of the amount in box 1A that may be eligible for the 20 percent qualified business income deduction under section 199A."    I plan to calculate based on the 20 percent amount listed in the instruction.  I appreciate your help.  

[AmyC]

Follow these steps:

1. Return to where you entered the 1099- DIV. 
2. Verify boxes 1 and 5 match your form. 
3. Continue. 
4. Do you see a check next to Sec 199A dividends?
   • If yes, select the learn more. 
   • If it should not be selected, check none of these apply and continue

QBI is 20% and calculated automatically for you on Form 8995.