To be eligible for the qualified business income deduction must I have a self employed business?

annaliese1999 · ‎March 23, 2022

If I am employed by a business that qualifies but do not have a self employed business am I still eligible for the Qualified Business Income deduction?

LudwigVan_fan · ‎March 23, 2022

Not necessarily. You could be the owner of an S corporation, partner in a partnership, trusts & estates might be eligible.

Also, some REIT dividends might be eligible and PTP income (publicly traded partnerships).

See this link for further information and details

https://www.irs.gov/newsroom/qualified-business-income-deduction

**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**

MayaD · ‎March 23, 2022

Income earned by providing services as an employee is not eligible for the deduction.

Qualified Business Income Deduction FAQs

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

To be eligible for the qualified business income deduction must I have a self employed business?