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March 24, 2025
Question

Does anyone know why I got a $10 QBI deduction? I don't own a business or was self employed.

  • March 24, 2025
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    March 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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