Question

If I have income from PTPs and REITs then on which form(s) would they be found?

Forum|Forum|5 years ago
March 21, 2021
1 reply
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TurboTax shows me a "Qualified Business Income Deduction Summary" page with some income from PTPs and REITs, but I don't know why it thinks I have any such income.

TurboTax Premier Online

P

PattiF

Certain REIT dividends qualify for the 20% QBI/199A deduction. However, line 28 of 8995-A also includes QBI from Publicly Traded Partnerships (PTP).

REIT dividends would come from 1099-Div (line 5) or even K-1's from partnerships (whether they are Publicly Traded or not) PTP income comes from the QBI section of the K-1's. 199A dividends/QBI Income can also come from k-1 info for S-Corps. and estates/trusts.

The 199A deductions qualifies for the QBID.

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