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L
lferneyhough1
March 12, 2025
Question

Why is Turbo Tax forcing me to take a Qualified Business Income Deduction of $1 when I don't have a business? This seems like a red flag that I don't want on my taxes.

  • March 12, 2025
  • 1 reply
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1 reply

KrisD15
KrisD15
March 12, 2025

The Qualified Business Income Deduction can be applicable if you have any dividends from a REIT account. Did you have that type of income? 

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    L
    lferneyhough1Author
    March 12, 2025

    Ok-- I do have 2 shares of a real estate index etf - do I need to include other forms with my taxes with this or am I good with the 1099div?

    Thanks!

    D
    DavidD66
    March 12, 2025

    You are good with the 1099-DIV.  You do not need to include any other forms with your tax return related to your REIT dividends and/or your Qualified Business Income (QBI).

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