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Level 2
May 6, 2020
Solved

Qualified Business Income Deduction

  • May 6, 2020
  • 4 replies
  • 19 views

Does a physician who's self employment income is $150,914 and taxable income (MFJ) is $200,749 qualify for the Business Income Deduction?

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Best answer by IRonMaN

They are subject to income limitations, but otherwise qualify.

Anna - just thought I would freshen things up a little.

4 replies

IRonMaN
Level 15
May 6, 2020

What happens when you try to take the deduction?

Slava Ukraini!
abctax55
Level 15
May 6, 2020

Jeff, what happened to the extra 1.38" (or whatever it was...) you were previously advising for safety?

HumanKind... Be Both