Schedule c sales....is this a qualified business ? yes or no. What is a qualified business ?

lucyrosemac · ‎June 1, 2019

schedule c sales....is this a qualified business ?"

DanielV01 · ‎June 1, 2019

This refers to the new Section 199A Qualified Business Income (QBI) deduction. It is quite likely that if your income is produced in the United States, and is not capital gains, then your income is qualified business income. This FAQ considers the new QBI deduction in greater detail: https://ttlc.intuit.com/replies/7019998

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Schedule c sales....is this a qualified business ? yes or no. What is a qualified business ?