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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?
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‎February 28, 2022
5:42 PM