Answered: I have a wife that has Sch. C income of $60K and her husband has a loss on his Sch. F of $65K. Do I have to combine these two for QBI Deduction?

cpa2244 · ‎12-07-2019

itonewbie · ‎12-07-2019

Yes, §199A requires negative QBI to be netting against positive QBI with any balance carried over to a subsequent year.

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Still an AllStar

itonewbie · ‎12-07-2019

Yes, §199A requires negative QBI to be netting against positive QBI with any balance carried over to a subsequent year.

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Still an AllStar

I have a wife that has Sch. C income of $60K and her husband has a loss on his Sch. F of $65K. Do I have to combine these two for QBI Deduction?