Released November 2022 -
The Qualified business income deduction optimization strategy will generate whenever there is an activity with qualified business income, and the taxable income on the return causes the QBI deduction to be limited on IRS Form 8995-A.
This strategy will allow you to modify two items on the return that impact the deductibility of QBI deduction on the return, wage expenses and/or unadjusted basis in qualified property immediately after acquisition (UBIA). The strategy will show the recalculated QBI deduction, as well as the impact of increasing the wage expenses to income and SE tax liabilities.
