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Level 2
posted Apr 11, 2024 1:33:43 PM

QBI CREDIT REDUCED BY ERTC REDUCTION OF WAGE EXPENSE

I was in the process of filing an amendment to my 2020 1040  to reflect a reduction in wage expense from the ERTC credit. I noticed that the increase in income may have caused the QBI credit to reduce from roughly $35,000 down to  $416. Is the ERTC somehow tied to how the QBI is calculated or did I select an incorrect option?

 

Thanks

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