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Get your taxes done using TurboTax
If you entered into this activity as a trade or business (e.g., with a profit motive) and you were not an employee for this activity, then you can qualify for the QBI deduction.
A qualified trade or business means any trade or business other than the trade or business of performing services as an employee.
• Includes an activity that is treated as a trade or business for all relevant federal income tax purposes.
• Includes certain rental real estate activities.
• A taxpayer may have multiple trades or businesses.
To learn more about QBI, click here.
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February 13, 2020
4:51 PM