DavidD66
Expert Alumni

Business & farm

You may not realize it, but your activity selling on E-Bay is a business, and you are considered self-employed. You probably qualify for a Qualified Business Income (QBI) deduction depending on your income.  Qualification is determined by a taxpayer's total taxable income, including wages, investment income, etc. in addition to business income. Once the taxable income reaches or exceeds $164,900 ($329,800 if filing jointly), the type of business also comes into play.

 

For more information on the QBI Deduction see the following TurboTax Help article:

 

What is the Qualified Business Income (QBI) deduction?

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"