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Deductions & credits
The SMLLC's business/service is athletic instruction (coaching) and another is a self employed business with bookkeeping. The bookkeeping business is able to take a deduction. But, not for single member LLC business. Form 8995 Line 1 (c) qualified business income shows $0 amount for the SMLLC even I answered "yes" for the question.
Thank you.
‎September 22, 2023
1:26 PM