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I don't want to use my QBI deduction (which is $1) since it delays my ability to file. Can I opt out of this?

 
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2 Replies
ColeenD3
Expert Alumni

I don't want to use my QBI deduction (which is $1) since it delays my ability to file. Can I opt out of this?

Yes. You can make an entry that disqualifies you from receiving the deduction.

 

You can say that it is not a trade or business.

Anonymous
Not applicable

I don't want to use my QBI deduction (which is $1) since it delays my ability to file. Can I opt out of this?

if it is due to section 199A dividends, delete the entry.  the dividends are already included in line 1 of the 1099.  

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