Here is a QBI question.
My wife and I have four businesses between us. Business A is our major source of income and provides me with a W2 and a 2% shareholder health insurance deduction (nearly $10K). The remaining businesses (B, C, and D) are Schedule C and bring in about $20K per year.
I don't believe Business A qualifies for any QBI deduction because we get paid through W2. However, businesses B, C, and D do qualify.
The problem is that the tax software wants to reduce our QBI by the amount of the 2% shareholder health insurance deduction of $10K. From what I've read, it appears that each business should be considered for QBI separately.
Does it make sense that a health insurance reimbursement from Business A reduces our QBI from businesses B, C, and D? (Or should we override this calculation in the software?)
