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Level 2
December 7, 2019
Solved

Is the QBI deduction available to sole proprietors, regardless of type of business, as long as the 2018 taxable income is below $157,500 / $315,000?

  • December 7, 2019
  • 1 reply
  • 19 views

What determines the income limits of $157,500 / $315,000? 

 Is it the combined total of ALL income W2s, rental gross or net, and schedule c (gross income before or after deductions?


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Best answer by sjrcpa

What determines the income limits of $157,500 / $315,000? Taxable income without QBI deduction.

1 reply

sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

What determines the income limits of $157,500 / $315,000? Taxable income without QBI deduction.

The more I know the more I don’t know.