Line 9 shows a Qualified Business Income Deduction of $250, yet we have no business, nor any REIT dividends. Turbo Tax shows we have $1,250 of REIT dividends! Where does this come from? Can we just delete the $250 deduction that this generated on Line 9 of our 1040?
You'll need to sign in or create an account to connect with an expert.
solved in comments
I also have unexplained values here. I have an REIT entry from a K-1, but it's only $38. Line 9 of the QBI Ded Summary shows $293, and when I ask "Data Source" it shows me only the $38 I know about. Any ideas where else to look for these ninja values?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
scevansoh
New Member
mcstel
Level 1
karemgh
Level 1
karemgh
Level 1
amoslawmich-aol-
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.