1628j
Level 1
12-06-2019
11:27 PM
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It seems to me that everyone that owns a for-profit business would get the deduction. I have one client who is a sole member LLC and files a Schedule C as a Sole Proprietor, but I find nothing that pertains to an LLC.
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itonewbie
Level 15
12-06-2019
11:27 PM
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Still an AllStar
Still an AllStar
Level 15
12-06-2019
11:27 PM
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A SMLLC is disregarded for tax purposes, its treated the same as a sole prop. So you probably wouldn't find anything that singles it out specifically with regard to the QBID..
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