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kkissel45
New Member

"Can a self employed real estate agent with no income last year deduct expenses with the new 20% self employment deduction?

 
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1 Reply
Coleen3
Intuit Alumni

"Can a self employed real estate agent with no income last year deduct expenses with the new 20% self employment deduction?

You need Qualified Business Income for the deduction.  Section 199A of the Internal Revenue Code provides many taxpayers a deduction for qualified business income from a qualified trade or business operated directly or through a pass-through entity.

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