Should the calculation for QBI subtract from Schedule C net profit the adjustments on Schedule 1 such as self-employed business income and 1/2 SE before apply the 20%?
If Schedule C net profit is 5000.00 and the self employed health insurance listed on schedule 1 adjustments is 3000, is the 20% for the QBI deduction on 5000.00 or 2000 (5000-3000)?
