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franklinandcherylj

Question

Why do I have a QBI deduction?

Forum|Forum|1 year ago
February 15, 2025
1 reply
0 views

I don't have a business.

If you had a Real Estate Investment Trust (REIT) or Publicly Traded Partnership (PTP) , the deduction equals 20 percent of qualified REIT dividends and qualified PTP income. The REIT dividends are reported on a 1099-DIV Box 5. This is the most common case if you did not enter any QBID information, because TurboTax will automatically calculate the QBID.