https://ttlc.intuit.com/community/taxes/discussion/qbi-how-it-works/01/272229#M115204 Sun, 02 Jun 2019 01:19:47 GMT JanB 2019-06-02T01:19:47Z https://ttlc.intuit.com/community/taxes/discussion/qbi-how-it-works/01/272229#M115204 Sun, 02 Jun 2019 01:19:47 GMT https://ttlc.intuit.com/community/taxes/discussion/qbi-how-it-works/01/272229#M115204 JanB 2019-06-02T01:19:47Z https://ttlc.intuit.com/community/taxes/discussion/yes-you-re-required-to-report-all-income-and-all-expense/01/272230#M115205 <P><B>Yes,</B> you're required to report all income and all expenses. The&nbsp;<A href="https://ttlc.intuit.com/questions/4499030-what-is-the-qualified-business-income-qbi-deduction" target="_blank">Qualified Business Income deduction</A>&nbsp;is based on net income (income less expenses) but not&nbsp;<A href="https://ttlc.intuit.com/questions/1900698" target="_blank">self-employment tax</A>.</P><B>Related Information:</B><UL> <LI><A href="https://ttlc.intuit.com/questions/4505695-do-i-qualify-for-the-qualified-business-income-deduction" target="_blank">Do I qualify for the qualified business income deduction?</A></LI> <LI><A href="https://ttlc.intuit.com/questions/4482394-how-will-tax-reform-affect-my-2018-federal-tax-return" target="_blank">How will tax reform affect my 2018 federal tax return?</A></LI> <LI><A href="https://ttlc.intuit.com/questions/4505694-do-i-need-to-incorporate-to-get-the-qualified-business-income-deduction" target="_blank">Do I need to incorporate to get the qualified business income deduction?</A></LI> <LI><A href="https://ttlc.intuit.com/questions/4499030-what-is-the-qualified-business-income-qbi-deduction" target="_blank">What is the Qualified Business Income deduction?</A></LI> </UL> Sun, 02 Jun 2019 01:19:49 GMT https://ttlc.intuit.com/community/taxes/discussion/yes-you-re-required-to-report-all-income-and-all-expense/01/272230#M115205 HelenaC 2019-06-02T01:19:49Z