Can i get rid of the QBI and the Form 8995? I dont have a small buisness and im not self employeed.

kmh443 · ‎January 8, 2024

Bsch4477 · ‎January 8, 2024

Look at box 5 of your 1099-DIV.

If you have a value in there that is giving you a legitimate QBI.

ScruffyCurmudgeon · ‎January 8, 2024

KMH443: Following along Bach4447's answer, even if you have no business of your own nor any involvement in a business directly, when you invest in a company whose operations qualify its income as eligible for part or all income distributed to be QBI, you get a report of that on the 1099-DIV and by entering that information of the QBI you may see a minor reduction in the effective tax liability for the dividend income.

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Can i get rid of the QBI and the Form 8995? I dont have a small buisness and im not self employeed.