It is possible you are receiving dividends from a REIT (Real Estate Investment Trust), which qualifies for a Section 199A deduction. This does not mean you had Qualified Business Income (QBI), but you could qualify for the deduction. REIT dividends are reported on a Schedule K-1 or in box 5 of the 1099-DIV. The import from your mutual funds may have reported these transactions.
f you have several QBI Components (from Sched C or E) and are having trouble with the program bringing up unwanted schedules for Form 8995-A, try deleting the QBI Component Worksheet. The program will generate new Component Worksheets for EACH component. All schedules related to Form 8995-A will go away.
- Under Tax Tools, choose Tools
- Choose Delete a Form
- Scroll through your return until you find QBI Component Worksheet, click Delete to the right of the form
- Confirm that you wish to delete the form
Qualified Business Income Deduction
What is the QBI Deduction?
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