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Level 5
April 4, 2019
Solved

QBI deduction

  • April 4, 2019
  • 1 reply
  • 24 views

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)?

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Best answer by itonewbie

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

1 reply

itonewbie
itonewbieAnswer
Level 15
April 4, 2019

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

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