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Deductions & credits
Ok, I understand about wages, but based on a CPA's video which addresses QBI and how it works with an LLC taxed as an S-Corp the Turbo tax program or any tax program will apply the numbers accordingly to exclude the W2 wages and only apply the 20% deduction to business income. Everything I've read and viewed indicates my business income qualifies for QBI.
‎February 22, 2025
4:07 PM