It depends. Qualified business income is defined as "the net amount of qualified items of income, gain, deduction and loss with respect to any trade or business." Broadly speaking, that means your business's net profit. But it also means that not all business income qualifies. QBI excludes:
If your total taxable income (that is, not just your business income but other income as well) is at or below $164,900 for single filers or $329,800 for joint filers in 2021 you may qualify for the 20% deduction on your taxable business income. In 2022, the limits rise to $170,050 for single filers and $340,100 for joint filers.
If your income is over the limits referenced in the preceding paragraph, then there are some limitations on the 20% QBI deduction. For example, if your business is a “specified service trade or business” in 2021 and your income is from $164,900 to $214,900 (single filers) or from $329,800 to $429,800 (joint filers), there are some tests to determine whether you can claim the qualified business income deduction, and, if so, whether it’ll be reduced.
Based on your prior post, it appears that you business might fall into the category of a specified trade or business; however, if the income limits are not violated, then you would still be entitled to the 20% QBI deduction, and if your business had a net profit, then the income would be qualified business income.
@soodye
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