- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Qualified business income deduction
Turbo Tax says I qualify for the QBI on my income from self-employment/schedule C (I am a piano teacher and it's pretty simple - just reporting income from lessons taught). But when it takes me to the summary for QBI it is also deducting 20% of REIT/PTP income. I have some investments that are unrelated to my "small business" as a piano teacher. The deduction is small (<$50), but I'm assuming that it shouldn't be included in the QBI? and if so, how do I get rid of it?
Thank you!
‎April 14, 2025
11:06 AM