Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

QBI deduction

wethepeople
Level 3

Do small business (mom & pop) that are below the income threshhold simply check the yes box to the question 'do you qualify for the 20% QBI deduction?' (ProSeries Basic)?

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Best Answer

Accepted Solutions
itonewbie
Level 15

If it is a §162 trade or business, yes. 

---------------------------------------------------------------------------------
Still an AllStar

View solution in original post

1 Comment 1
itonewbie
Level 15

If it is a §162 trade or business, yes. 

---------------------------------------------------------------------------------
Still an AllStar