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February 15, 2020
Question

I don't want to use my QBI deduction (which is $1) since it delays my ability to file. Can I opt out of this?

  • February 15, 2020
  • 2 replies
  • 0 views
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2 replies

ColeenD3
February 15, 2020

Yes. You can make an entry that disqualifies you from receiving the deduction.

 

You can say that it is not a trade or business.

February 16, 2020

if it is due to section 199A dividends, delete the entry.  the dividends are already included in line 1 of the 1099.