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Level 1
posted Feb 25, 2021 10:01:41 AM

WHY AM I GETTING QBI ON FARM LAND I ONLY RENT? MY TAX MAN DID NOT ENTER IT BEFORE.

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1 Replies
Expert Alumni
Feb 25, 2021 10:30:32 AM

The Qualified Business Income Deduction (QBI) is a new deduction starting in 2018, due to the tax law changes.

 

Click this link for detailed info on Qualified Business Income (QBI) Deduction which will help you understand why you are receiving it.