taxprotalk qbi
taxprotalk qbi

TaxProTalk: QBI Deduction and Forms Availability

Read the Article

In this episode of TaxProTalk, Tony and Jim discuss details of the Qualified Business Income updates after the IRS issued final regulations covering rental real estate and backing out adjustments to income, and calculating QBI in the simple and complex worksheets. They also discuss the latest on forms availability and an exciting update about the new 1040 form, based on customer feedback.

Reference Links

TaxProTalk has a channel on YouTube. Subscribe to be notified about all the TaxProTalk updates.

Jim Buffington, CPA

Jim Buffington, CPA, is an advisory services leader with Intuit® Accountants. He has 20+ years of professional experience in sales management, public accounting, strategic alliances, product marketing, business process design, new business development and strategic planning. Connect with Jim on Twitter @jimatintuit. More from Jim Buffington, CPA

5 responses to “TaxProTalk: QBI Deduction and Forms Availability”

  1. It sounds to me that, as long as your income is under the limitations, $315k married/joint for example, the SSTB doesn’t apply, as the full QBI deduction can be taken??