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Business & farm
Thank you for the reply Amy.
Was there any particular definition or guidance you found that led you to conclude that the income from the arrangement I described is 'passive' in the context of QBI? If so, what, please?
Regarding your reference to "Qualified Business Income Deduction which includes the sec 162", are you able to make any determination as to whether the arrangement I described is a "trade or business" per IRC Section 162 (for non-employees)? If so, what, please?
‎January 31, 2024
11:10 PM