Passive REIT investment and Rental property seem to confuse TurboTax

[BirdMan59]

I already filed my 2023 taxes when I got a corrected 1099-DIV from a REIT investment which only added value of 411.97 in box 5 (Section 199A dividends), which is same value as in box 1a. This lowered my tax bill by $12. But when I investigated what changed on the tax forms, Form 8995 had a larger business deduction. That business income is from my rental property, not the REIT. Can you really write off a REIT dividend against unrelated rental income?

Just want to report a possible issue within TurboTax. Or is this a legal deduction?

[DianeW777]

No issue at all. The offset is for qualified business income (QBI) purposes in your REIT, so it is correct as you see it.