QBI Deduction of $1

Forum|Forum|6 years ago
February 22, 2020
2 replies
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I am getting a QBI Amount calculations showng $4 and a QBI Deduction showing $1. It is showing for business name n/a. I don't qualify for this and have no entry that would trigger this deduction. I don't know why it showing up. Please advise.

Best answer by MAK70

Usually this occurs if you have a 1099-DIV with Box 5 amount. If this is the case and you do not want to claim the QBID, just delete the amount in Box 5 (it will not affect the rest of the return).

MAK70Answer

Usually this occurs if you have a 1099-DIV with Box 5 amount. If this is the case and you do not want to claim the QBID, just delete the amount in Box 5 (it will not affect the rest of the return).

supertech

I have the same issue. And annoying.

SusanY1

If you have entries in the dividend section that include "Section 199A" dividends, this will trigger a QBI deduction for your share of the deductible amount. Please double-check in this section and if you still have concerns or have errors around this section that you cannot resolve please return and let us know.

@supertech

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