1099-Div, Box 5

[ATSMAN]

I have yet to run into a 1099-Div for 2018 tax year with an amount in Box 5 (QBI Eligible income)?

How are you handling this amount?

[kathyc2]

I've had tons of them. ProSeries has a place to enter it, and then it calculates the 20% deduction.

[Jiggers]

I had one this week. I read the IRS instructions for this and found that it does qualify for the QBI. I entered it on the DIV detail screen and it did carry to the QBI deduction worksheet and to the tax return.

[Maude Lebowski]

Jiggers,

Will you point me in the direction of the instructions you were reading? I've suddenly felt like my clients might NOT qualify, but I'd like to know for sure one way or the other.

[ATSMAN]

Well my wish may have come true! I was just e-mailed a 1099-B package from St. Germain and guess what there is $255 in box 5!