How do I know if the amount in 199a is qualified? I presume if it's reporting in box 5 that it is qualified. Why is TT asking me?

kmv1 · ‎March 16, 2025

VictoriaD75 · ‎March 17, 2025

Yes. If the dividends are reported in box 5 of a 1099-DIV, then they are Section 199A dividends. These dividends are from REITs, which are Real Estate Investment Trusts. Section 199A dividends may qualify for a QBI (Qualified Business Income) deduction. REIT dividends are reported on a Schedule K-1 or in box 5 of a 1099-DIV.

What is the Qualified Business Income (QBI) deduction?

@kmv1

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How do I know if the amount in 199a is qualified? I presume if it's reporting in box 5 that it is qualified. Why is TT asking me?

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How do I know if the amount in 199a is qualified? I presume if it's reporting in box 5 that it is qualified. Why is TT asking me?

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How do I know if the amount in 199a is qualified? I presume if it's reporting in box 5 that it is qualified. Why is TT asking me?

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