I have a small at home craft business and report income on Sch C. Do I qualify for Qualified Business Income Deduction?
You'll need to sign in or create an account to connect with an expert.
Yes, the deduction is 20% of your business profit. Tax software calculates it automatically and you can see the amounts on your tax summary page.
Thank you so much for the quick response!
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Mike1127
Level 3
karunt
New Member
emuehle
Level 2
TLLau
Returning Member
Raph
Community Manager
in Events