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QBI deduction

wethepeople
Level 3

Do small business (mom & pop) that are below the income threshhold simply check the yes box to the question 'do you qualify for the 20% QBI deduction?' (ProSeries Basic)?

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itonewbie
Level 15

If it is a §162 trade or business, yes. 

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Still an AllStar

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1 Comment 1
itonewbie
Level 15

If it is a §162 trade or business, yes. 

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Still an AllStar