wethepeople
Level 3
04-04-2019
02:29 PM
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When do sole-proprietorships (Schedule C) have to be concerned about W-2 wages deducted on their Schedule C or UBIA if all depreciable assets have been fully depreciated as of 12/31/17?
If the taxpayers taxable income is below the threshhold amount does any of this apply in computing the QBI deduction?
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jntcpa
Level 2
04-04-2019
02:36 PM
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If taxable income is below the threshhold then you do not need W-2 wages or UBIA to compute the 199A deduction.
