AmyC
Expert Alumni

Business & farm

Your passive income would not qualify as a business for the QBI deduction from what I read here. If you are getting it, you need to revisit your answers or I am missing information. The 199a seems like a possibility for you as the owner.

The IRS has Qualified Business Income Deduction which includes the  sec 162 and 199a explanations. The QBI is a short term credit leaving with 2025.

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