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March 13, 2022
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Why does Turbotax desktop assign me income from REIT or a PTP which I don't own, and QBI deduction from this?

  • March 13, 2022
  • 1 reply
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I use Turbotax Desktop Home and Business and it shows up on this page , thanks 

    Best answer by JohnB5677

    It is possible that you are getting REIT income from the 1099-DIV's that you posted.  

    Qualified REIT dividends from a fund are reported in Box 5 of your Form 1099‑DIV.

    1 reply

    JohnB5677
    JohnB5677Answer
    March 13, 2022

    It is possible that you are getting REIT income from the 1099-DIV's that you posted.  

    Qualified REIT dividends from a fund are reported in Box 5 of your Form 1099‑DIV.

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    Critter-3
    March 13, 2022

    Or thru a K-1  ... but the screen shot you posted gave you no such deduction ... just information as you pass that section of the program unless you removed the amounts.