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Level 1
December 7, 2019
Solved

Did an update happen to change to back out the SE tax deduction from Qualified Business Income?

  • December 7, 2019
  • 2 replies
  • 29 views

I believe an update has happened in the software that backs out the self-employment deduction from the qualified business income (for purposes of QBI deduction).  It did not do it earlier this week but is now doing it. 

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Best answer by abctax55

As it should, based on the recent (1.18.19) IRS notice.  SEHI, and a SE retirement contribution should also reduce QBID

2 replies

abctax55
abctax55Answer
Level 15
December 7, 2019

As it should, based on the recent (1.18.19) IRS notice.  SEHI, and a SE retirement contribution should also reduce QBID

HumanKind... Be Both
abctax55
Level 15
December 7, 2019
HumanKind... Be Both