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June 21, 2024
Question

Can I deduct QBI from an investment group specialized at Real Estate?

  • June 21, 2024
  • 1 reply
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I invested in a real estate fund and the K-1 fund sent to me with Box 20 z with positive amount.

1 reply

January 20, 2025

Yes, since you have amounts listed on your K-1 for box 20Z.   However, your QBI deduction may be disallowed if the activity is considered SSTB (specified service trade or business). This would be stated on the statement attached to your K-1.  Make sure to enter all of the information listed on your K-1 and answer all of TurboTax questions.  

 

Here are some TurboTax Help Articles with more information on this topic.

Qualified Business Income (QBI) deduction

SSTB (specified service trade or business)