turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

TT online has decided I'm a QBI .. I'm not. So not sure a) where it's getting that and b) how to turnoff ?

How do I delete QBI while using TT online?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
DianeW777
Employee Tax Expert

TT online has decided I'm a QBI .. I'm not. So not sure a) where it's getting that and b) how to turnoff ?

If you do not have qualifying business income (QBI) then you can remove it by saying you did not actively or materially participate in any business activity. This can come from a K-1, 1099-PATR, Schedule C, 1099-DIV or a rental activity (not always allowed). The forms may have Section 199... in one of the boxes, depending on where your entry actual comes from.

To remove it from a rental activity follow the steps below.

  1. Open your TurboTax return > Search (upper right) type rentals > Press enter > Click the Jump to ... link
  2. Edit next to your rental activity > Scroll to Qualified Business Income > Edit/Update >
  3. Select 'None of the above' on the Real Estate Professional page
  4. Continue to the page Do you want to use a safe harbor.... Select 'None of these apply' > Continue
  5. Select 'No', on the page  Is this Qualified Business Income?

If you are self employed, using Schedule C, you are eligible for QBID and no change would be required.

 

@rdenney 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

TT online has decided I'm a QBI .. I'm not. So not sure a) where it's getting that and b) how to turnoff ?

Not so fast. If you got a 1099-DIV with an amount in box 5, that qualifies for the QBI deduction (relates to REIT dividends). In this case, if you try to delete the QBI form, it will just reappear. You don't have to claim the QBI dividends, but then you would need to delete what is in box 5. Your taxes would increase. 

 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question