New Member

posted Mar 29, 2025 8:35:00 AM

How is TurboTax showing I have a $12 business income deduction this year for the 1st time, although I have no business of my own (I do have "Dividends" from a 1099-INT)?

I have never had a Business Income Deduction show up in TurboTax, and I can't tell where it's coming from, but it concerns me.

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1 Replies

Expert Alumni

Mar 29, 2025 8:45:38 AM

Look for sec 199A dividends. Your form 1099-DIV shows all dividends in box 1a.

The qualified dividends are marked in 1b.
The same for box 5, it notes only qualified sec 199a dividend income. No work for you to do.

See Instructions for 1099-DIV for full details on each box and line..