Statement A "QBI pass through reporting" shows my income as "SSTB" what is that?
--what are the PTP and Aggregated classifications
The system automatically classified my income as SSTB -- does it matter
thanks for any help
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It could matter, but probably not. It has to do with types of entities and income levels that could potentially exclude you from the QBI.
A qualified trade or business is any trade or business, with two exceptions:
Please see this LINK for more information.
It could matter, but probably not. It has to do with types of entities and income levels that could potentially exclude you from the QBI.
A qualified trade or business is any trade or business, with two exceptions:
Please see this LINK for more information.
This was very helpful -- This the first year I'm doing my own taxes -- my tax acct has been classifying my LLC income as non- SSTB. So when Turbo tax called it SSTB I didn't know what to do -- thanks for the information.
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