debi642
New Member

Business & farm

I'm confused. I have read several publications that indicate there is a 20% deduction (with minimum salary requirements on QBI) for pass-through income (i.e. LLC) that is titled a 199A deduction. The deduction is taken on the individual's personal 1040 filing, not a business filing. That is what I was referencing and wanted to know how I do that on my 1040.