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Do doctors qualify for 199A deduction?

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Level 1

A couple with $470,000 gross income has a side business(S Corp) providing Medical services online.

with an income of $35,000.  Does the S Corp qualify for the 199A(QBI) 20% deduction?

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2 Replies 2
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Level 15

Yes, but - the medical business is a SSTB. Taxable income may phase out/down the 20% deduction.


ex-AllStar
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Level 11
Level 11

Don't think so, here are the limits   in 2019, the start of the phase-out range for a married couple filing a joint tax return is when their taxable income before the QBI deduction exceeds $321,400, and this deduction is completely phased out when taxable income reaches $421,400.