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Get your taxes done using TurboTax
Yes, business income qualifies for the QBI deduction. Enter it in the federal section as business/self-employment income. TurboTax will generate a Schedule C (for the IRS and CA) and you will be able to deduct your expenses. TurboTax will automatically deduct your QBI and half of your SE tax.
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‎February 15, 2024
6:26 PM
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