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F
franklinandcherylj
February 15, 2025
Question

Why do I have a QBI deduction?

  • February 15, 2025
  • 1 reply
  • 0 views
I don't have a business.

    1 reply

    M
    MAK70
    February 15, 2025

    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.

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