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why does it say i have a qbi

 
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2 Replies
MaxA1
Employee Tax Expert

why does it say i have a qbi

You may be seeing QBI (Qualified Business Income) if you have Sch C income or any other type of business income on your return.  QBI is a deduction for individuals with business income.  It's 20% of the net business income for the year.  So if you had any kind of business income, you will likely have some QBI calculations on your tax return.

 

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why does it say i have a qbi

you will also see QBI if you have 199A dividends - line 5 of the 1099-DIV. If you invested in a publicly traded partnership you could also have QBI income 

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