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QBI CREDIT REDUCED BY ERTC REDUCTION OF WAGE EXPENSE
I was in the process of filing an amendment to my 2020 1040 to reflect a reduction in wage expense from the ERTC credit. I noticed that the increase in income may have caused the QBI credit to reduce from roughly $35,000 down to $416. Is the ERTC somehow tied to how the QBI is calculated or did I select an incorrect option?
Thanks
‎April 11, 2024
1:33 PM