As long as you just offer advice and you are not doing sales of educational services you should qualify for QBI, Most Schedule C filers, LLCs, partnerships, S corporations, estates, and trusts qualify. There are also some income limits you must meet. To see if you qualify:
- Open or continue your return.
- Select Federal and then Deductions & Credits.
- Scroll down and select Wrap up tax breaks. Done with Deductions/tax breaks.
- Proceed through any screens. If you qualify, you’ll see a screen that shows the exact amount of your QBI deduction.
If you would like more information visit the IRS Instructions for Form 8995-A Deduction for Qualified Business Income
