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February 24, 2025
Question

I do not qualify for QBI deduction Why am I getting this?

  • February 24, 2025
  • 1 reply
  • 0 views
I do not have a business

    1 reply

    February 24, 2025

    You can be eligible for a QBI deduction if you have REIT dividends or income from Publicly traded partnerships (PTPs).

     

    REIT dividends (Section 199a dividends) are reported in box 5 of form 1099-DIV. Income from PTPs is reported on a Schedule K-1.

     

    Please check your tax return if you have these types of income.

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