itonewbie
Level 15
12-07-2019
02:00 AM
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@Kathi_at_Intuit DB contribution, as explained, is subject to net earnings from the trade or business. It is attributable to a qualified trade or business and should reduce QBI as per the preamble and explanation for the Final Regs.
What have you found that says otherwise? Whether a deduction is to be taken as an above-the-line deduction is not relevant. The sole consideration is whether that item is attributable at a qualified trade or business as determined by the existing code section and regulations.
We always end up providing citations to back up what we believe is the correct tax treatment but Intuit either will not or cannot provide any citation to back up its position or rebut ours.
Hope to get a clear update from your team soon.
What have you found that says otherwise? Whether a deduction is to be taken as an above-the-line deduction is not relevant. The sole consideration is whether that item is attributable at a qualified trade or business as determined by the existing code section and regulations.
We always end up providing citations to back up what we believe is the correct tax treatment but Intuit either will not or cannot provide any citation to back up its position or rebut ours.
Hope to get a clear update from your team soon.
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