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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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.
posted
June 1, 20199:47 AM
last updated
June 01, 20199:47 AM
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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.
No, the deduction amount depends on your total taxable income. Please view the TurboTax FAQ below for more information about calculating this deduction.
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