I am showing a Qualified Business Income Deduction on my 2024 tax return & I don't believe this is correct. How do I see how this was calculated and modify if necessary?

srob7440 · ‎February 23, 2025

MinhT1 · ‎February 23, 2025

Qualified Business Income (QBI) may consist of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income.

REIT dividends are reported on form 1099-DIV in box 5. PTP income are reported on Schedule K-1.

Please check whether you have these forms on your tax return. In that case, you would have a QBI deduction.

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srob7440 · ‎February 23, 2025

It was a result of a REIT dividend. I have a LLC that didn't generate any income in 2024 and I was thinking it was doing something associated with that incorrectly. Thanks.

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I am showing a Qualified Business Income Deduction on my 2024 tax return & I don't believe this is correct. How do I see how this was calculated and modify if necessary?