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If net profit on Schedule C is less than $20K should the entire amount carry over to the QBI Simplified Worksheet? Lesser amount is being carried over to the Worksheet.

 
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Coleen3
Intuit Alumni

If net profit on Schedule C is less than $20K should the entire amount carry over to the QBI Simplified Worksheet? Lesser amount is being carried over to the Worksheet.

Adjustements are made for one half of SE tax, any self employed health insurance and any business deferred comp plan contributions.

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2 Replies
Coleen3
Intuit Alumni

If net profit on Schedule C is less than $20K should the entire amount carry over to the QBI Simplified Worksheet? Lesser amount is being carried over to the Worksheet.

Adjustements are made for one half of SE tax, any self employed health insurance and any business deferred comp plan contributions.

If net profit on Schedule C is less than $20K should the entire amount carry over to the QBI Simplified Worksheet? Lesser amount is being carried over to the Worksheet.

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