You would have to try it both ways to be sure. However, if your 2023 taxable income is less than $182,100 (filing single) or $364,200 (filing joint), there would be no advantage to combing the businesses for purposes of the qualified business income deduction (QBI). When your income is under those amounts, your QBI is not limited by wage or basis of asset considerations, which is why you would want to combine the businesses. You can read more here: Combining businesses for QBI purposes
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