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How Do I Change The Answer To The Question "Are You A Qualified Business" question? I Am A SSTB
I am an online entertainer (online domme) and selected the NAICS code 711510 for " "independent artists, writers, performers".
I wanted to be discreet so I selected my work as "online content creator" and then selected"online publishing" (Turbotax makes me choose a selection and "online publishing" seems the closest).
However, afterwards it's giving me the QBI deduction of 22,135 even though I am a SSTB. Is this accurate? know the IRS states a taxable income threshold of $164,900 income for single filers. After expenses and SEP contributions I'm at 120k.
I am asking because before it was not giving me the SSTB deduction and after I changed the type of business that I have, it gave me the deduction.
1. I want to select the question again to make sure that I selected the right type of business. How do I do that?
2. Does the deduction amount seem right even though I am not a qualified business?