We have notice in ProSeries that the QBI deduction is reduced by Adjustments to Income. Where is this in IRS rules?

doylependleton · ‎12-06-2019

abctax55 · ‎12-06-2019

Notice 2019-07. Issued 1.18.19

edit...Wrong...that's the safe harbor for rentals. Brain dead today. Too much snow, not enough electricity.

HumanKind... Be Both

rbynaker · ‎12-06-2019

Don't worry, I got your back.

abctax55 · ‎12-06-2019

Much appreciated...power on/off so I have to post "fast" & without resources except my brain. Not a good idea 🙂

HumanKind... Be Both

rbynaker · ‎12-06-2019

Discussion on page 43. Actual regs on page 198 under "other deductions". There are no examples of this and the rules are murky at best.

Rick