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Retirement tax questions
Thanks for your prompt response. This isn’t a Medicaid waiver payment, but instead a lump sum payment that I know I have to pay taxes on as if I am an independent contractor according to the CPA that assisted with this last year. Now that I am preparing my taxes and adding this income using TurboTax Home and Business, I did not know how to respond to if this qualifies for a Qualified Business Income deduction. Would this qualify for this deduction?
March 4, 2024
1:26 PM