Skip to main content
January 23, 2020
Solved

TT is insisting that I take a QBI deduction of $90 but I have no income from QBI or REIT. How do I stop this?

  • January 23, 2020
  • 1 reply
  • 0 views
No text available
Best answer by MAK70

Do you have a Schedule C, rental property or any 1099-MISC?  There is a question that asks about QBI in each section.  I suggest going through the Interview again.

1 reply

MAK70Answer
January 23, 2020

Do you have a Schedule C, rental property or any 1099-MISC?  There is a question that asks about QBI in each section.  I suggest going through the Interview again.

wistfulAuthor
January 23, 2020

NO but I do have Section 199A dividends on a 1099-DIV and it corresponds to 5 times the QBI deduction that TT took.  So that must be it.

wistfulAuthor
January 23, 2020

BTW I didn't see any question about this because it was downloaded directly from the mutual fund company.  So look if you are downloading to see if there is 199A income.