Youtor
Form 1099‑DIV 199A Dividends
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https://www.etax.com/ • Section 199A dividends are dividends from domestic real estate investment trusts. • The taxpayer is generally allowed a deduction of up to 20 percent of taxpayer's qualified real estate investment trust dividends. Qualified real estate investment trust dividends from a fund are reported in Box 5 of your Form 1099‑DIV. • The taxpayer generally gets a federal income tax deduction equal to 20 percent of the amount in Box 5. This deduction does not reduce adjusted gross income but does reduce taxable income.
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