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BC72
New Member

Qualified business income deduction

Turbo Tax says I qualify for the QBI on my income from self-employment/schedule C (I am a piano teacher and it's pretty simple - just reporting income from lessons taught). But when it takes me to the summary for QBI it is also deducting 20% of REIT/PTP income. I have some investments that are unrelated to my "small business" as a piano teacher. The deduction is small (<$50), but I'm assuming that it shouldn't be included in the QBI? and if so, how do I get rid of it?

Thank you!

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1 Reply
PatriciaV
Employee Tax Expert

Qualified business income deduction

If the REIT/PTP qualifies as a trade or business for Section 199A, the income would be included for the QBI deduction.

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