I am 1099 & file with a schedule C as a commercial real estate broker, for 22 yrs. Do I meet the requirements for the new Qualified Business Income deduction?

andibparker · ‎June 1, 2019

DanielV01 · ‎June 6, 2019

You may meet them, yes. Schedule C income can qualify for the Section 199A deduction. It is a complicated formula, however, so don't be surprised if the deduction you get is smaller than what you are expecting. This FAQ provides more information: (click on the View the entire answer, and then the embedded link How is the deduction calculated? (Not for the faint of heart!): https://ttlc.intuit.com/replies/7019998

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View solution in original post

DanielV01 · ‎June 6, 2019

You may meet them, yes. Schedule C income can qualify for the Section 199A deduction. It is a complicated formula, however, so don't be surprised if the deduction you get is smaller than what you are expecting. This FAQ provides more information: (click on the View the entire answer, and then the embedded link How is the deduction calculated? (Not for the faint of heart!): https://ttlc.intuit.com/replies/7019998

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I am 1099 & file with a schedule C as a commercial real estate broker, for 22 yrs. Do I meet the requirements for the new Qualified Business Income deduction?