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Business A reports no distributions on the K-1. 100% of the money from Business A to us (except the 2% health insurance payment) is via W2 (as an employee). I'm pretty sure that income from that business cannot be used as part of a QBI calculation, according to IRS guidance.
Does it make sense that a 2% health insurance deduction for Business A would prevent us from getting a QBI deduction in the other three businesses?
March 19, 2020
8:13 AM