Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

W-2 wages/UBIA

Highlighted
Level 3

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?

Labels (1)
0 Cheers
1 Solution

Accepted Solutions
Highlighted
Level 2

If taxable income is below the threshhold then you do not need W-2 wages or UBIA to compute the 199A deduction.

 

View solution in original post

1 Reply 1
Highlighted
Level 2

If taxable income is below the threshhold then you do not need W-2 wages or UBIA to compute the 199A deduction.

 

View solution in original post