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QBI deduction
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olgdrob
Level 1
2 weeks ago
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Hello experts,
I have a question about the QBI deduction.
An asset was used 100% in the business, expensed using Section 179, and later sold. As a result, the sale generates depreciation recapture.
My question is: Is depreciation recapture income eligible for the QBI deduction, or should it be excluded from QBI? I’m asking because the IRS instructions don’t seem to address this situation directly, but Intuit ProConnect automatically includes a QBI amount when the sale/recapture is entered (it flows through as part of the Form 4797 calculation).
In your experience, what is the correct treatment, and what authority or reasoning do you rely on?
Thank you in advance.
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