QBI qualification

[monicac]

Can a sole proprietor that sells vitamins or promotional products qualify for QBI?

How about someone who rents out their commercial property?

[abctax55]

Yes, assuming both activities rise to the level of a trade or business.

Which is determined by the facts & circumstances.

[Terry53029 · Accepted solution]

monicac, you should do some research on QBI if you are preparing taxes for clients that might qualify for the deduction. Here is a starting point:

https://www.irs.gov/newsroom/facts-about-the-qualified-business-income-deduction#:~:text=QBI%20is%20....