Can a sole proprietor that sells vitamins or promotional products qualify for QBI?
How about someone who rents out their commercial property?
Best Answer Click here
Yes, assuming both activities rise to the level of a trade or business.
Which is determined by the facts & circumstances.
monicac, you should do some research on QBI if you are preparing taxes for clients that might qualify for the deduction. Here is a starting point:
https://www.irs.gov/newsroom/facts-about-the-qualified-business-income-deduction#:~:text=QBI%20is%20....
View solution in original post
