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Is my net business income for determining my qualified business income deduction the net profit on line 31 of my Schedule C? If not how do I determine it.

 
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KatrinaB
Intuit Alumni

Is my net business income for determining my qualified business income deduction the net profit on line 31 of my Schedule C? If not how do I determine it.

No, the deduction amount depends on your total taxable income. Please view the TurboTax FAQ below for more information about calculating this deduction.

https://ttlc.intuit.com/replies/7019998

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