AmyC
Expert Alumni

Self employed

The QBI looks good to me. Looking at the return, not able to see names, let me tell you what I can see.

  • I see Schedule  C with start-up costs. That should tell you which person. Then the QBI deduction worksheet below it shows the tentative profit, the smaller of the 2 business returns. This number is then reduced by self employed health insurance and half of the self employment tax. These 2 deductions add up to the income so that the Sch C profit after self employment deductions is zero. This carries to the QBI section and remains at zero throughout the calculations.

 

  • The other business has no health insurance, only the deduction for half of the self-employment tax and QBI is calculated on that  income minus half SE tax.

 

Since you are using the desktop version, you can click in the top right on the word FORMS. On the left side, scroll down to the 2 sch C forms and view them. If you have any other questions about this, please @AmyC since I have your file.

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