jennifer-robins
Level 1
12-06-2019
09:02 PM
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I believe an update has happened in the software that backs out the self-employment deduction from the qualified business income (for purposes of QBI deduction). It did not do it earlier this week but is now doing it.
Solved! Go to Solution.
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abctax55
Level 15
12-06-2019
09:02 PM
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As it should, based on the recent (1.18.19) IRS notice. SEHI, and a SE retirement contribution should also reduce QBID
"*******Tax software is no substitute for a professional tax preparer*******
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abctax55
Level 15
12-06-2019
09:03 PM
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Notice 2019-07
https://www.irs.gov/pub/irs-drop/n-19-07.pdf
"*******Tax software is no substitute for a professional tax preparer*******
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