Where is FreeTaxUSA pulling Qualified business income deduction from?

NewUser
NewUser Member Posts: 2 Newcomer
edited April 22 in Filing my taxes

I am using FreeTaxUSA for the first time and I have a regular salary from job and no businesses. I do have investments but put in the amounts in summarized form rather than entry from each trade.
I do understand the QBI deduction can be from REIT dividends as I read about it but how is it pulling those numbers as I have not shared individual line items. The amount is not much but I have a new form 8995 with QBI deduction as $1 and not sure if it is correct.

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  • JMSSGV
    JMSSGV Member Posts: 243

    Do you have a 1099-DIV (or a 1099-DIV section on your brokerage statement)? Look at Box 5, "199A Dividends." Those are from an REIT, and create a QBI deduction.

  • NewUser
    NewUser Member Posts: 2 Newcomer

    Perfect! Thank you @JMSSGV. It was 199A, makes sense now

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