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Retirement tax questions
The reference to "gross income" in this context is simply used to identify the portion of SE tax, SE health insurance and SE retirement deductions that are attributable to the business or businesses for which the QBI is being calculated. It is not saying that these items are to be subtracted from gross income of the business. The deduction has always been with respect to the income that is being passed through from the business to the individual, the net profit.
‎June 1, 2019
10:27 AM