Qualified Business Income Deduction
We have income reported on a 1099 for Real Estate Sales. Turbo Tax has taken a QBI deduction. We also have investment income not related to the real estate sales in any way. Some of the income is from a REIT. Turbo Tax is taking a QBI deduction on the REIT income too. Is it possible this is an error in Turbo Tax where the software sees the words real estate and assumes they are related, or is this a legit deduction????