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Level 3
posted Apr 12, 2024 6:41:35 AM

QBI eligibility

If my taxable income is from pension and social security and I have section 199A dividends reported on my 1099 div, do I qualify for QBI deduction. (Assuming my taxable income minus cap gains and qualified dividends is greater than zero)?

0 1 4898
1 Replies
Level 15
Apr 12, 2024 12:46:18 PM

The 199A dividends should qualify for the QBI. look at form 8995 for the computation since many items can affect this deduction.