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Z
Zspace10
February 28, 2022
Question

I should not have a "Qualified Business Income Deduction" as I don't have a business. It is appearing as an item where I get $5.00. What do I do?

  • February 28, 2022
  • 1 reply
  • 0 views
I don't have rental property but I did sell my home before the 2 years were up....   I should NOT have to enter any data or qualify for a deduction.  Why is it showing up?

1 reply

D
DavidD66
February 28, 2022

It may be showing up due to stock dividends.  Some dividends have a Qualified Business Income component to them, which will trigger a QBI deduction.  If it is not due to one or more dividends, you will need to provide more information.

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