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Level 1
December 7, 2019
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We have notice in ProSeries that the QBI deduction is reduced by Adjustments to Income. Where is this in IRS rules?

  • December 7, 2019
  • 4 replies
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Best answer by abctax55

Notice 2019-07.  Issued 1.18.19

edit...Wrong...that's the safe harbor for rentals.   Brain dead today.  Too much snow, not enough electricity.

4 replies

abctax55
abctax55Answer
Level 15
December 7, 2019

Notice 2019-07.  Issued 1.18.19

edit...Wrong...that's the safe harbor for rentals.   Brain dead today.  Too much snow, not enough electricity.

HumanKind... Be Both
rbynaker
Level 13
December 7, 2019
Don't worry, I got your back.
rbynaker
Level 13
December 7, 2019

https://www.irs.gov/pub/irs-drop/td-reg-107892-18.pdf

Discussion on page 43.  Actual regs on page 198 under "other deductions".  There are no examples of this and the rules are murky at best.

Rick