Comment
02-28-2023
05:30 PM
- Mark as Read
- Mark as New
- Bookmark
- Permalink
- Report Inappropriate Content
02-28-2023
05:30 PM
From the IRS Pub 536: "...(b) 80% of the excess (if any) of taxable income computed without regard to deductions for NOLs, or Qualified Business Income (QBI), or section 250 deductions, over the...
The statement produced by LC does not back out the QBID.
Unless I am missing something, the LC statement is wrong.