qbteachmt
Level 15
03-01-2024
04:37 PM
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"are these two QBIs considered separate business entities"
Those are activities, and QBI is "qualified business income deduction" which points to the activity. The entity is filing the tax return. There is one entity, for that sole proprietor, and it is that person. There might be lots of activities and side hustles, so the QBI is evaluated per activity.
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Don't yell at us; we're volunteers