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April 5, 2025
Question

Qualified Business Income Deduction

  • April 5, 2025
  • 1 reply
  • 0 views

I do not own any businesses and I don't have any business related expenses. However, Turbo Tax seems to auto-calculated my QBI to be $1. Is this mandatory? Is this expected? Or should I just delete this form?

    1 reply

    Employee
    April 5, 2025

    It probably comes from an amount in box 5 of a 1099-DIV. 

    yatoshuraAuthor
    April 5, 2025

    @Bsch4477 

     

    Can I simply delete the QBI form or should I just keep the $1 or whatever Turbo Tax calculated?

    Employee
    April 5, 2025

    By all means keep it. It’s legitimately yours.