AnnetteB6
Employee Tax Expert

Business & farm

The Qualified Business Income (QBI) deduction can be very complex when a much higher level of income (>$170K)  is involved.  Most sole proprietorships (self-employed businesses) do have qualified business income.  

 

You can confidently answer 'yes' to the question about the grant writing being qualified business income.  This will give your daughter an additional tax deduction.  

 

If you want to learn more, look at the following TurboTax help article.  Just don't get too bogged down in the details.

 

What is the Qualified Business Income (QBI) deduction?

 

@slyeddie

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