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The QBI deduction calculation does not seem correct. QBI is being reduced by deductible portion of SE tax
I would expect that the QBI used to determine the 20% deduction is equal to the business net profit on Schedule C. However, on the QBI component worksheet and the QBI deduction simplified worksheet the net profit has been reduced by the deductible portion of my self employment tax. This does not seem correct
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‎June 6, 2019
12:36 AM