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Yes, there is a time limit. Under the regulations issued by the IRS, if you are working for a former employer as a contractor, doing substantially the same work that you did as an employee, you are ineligible for the QBI deduction for 3 years after you stopped being an employee. So if it's been 7 years since you were an employee, you should answer No.
Yes, there is a time limit. Under the regulations issued by the IRS, if you are working for a former employer as a contractor, doing substantially the same work that you did as an employee, you are ineligible for the QBI deduction for 3 years after you stopped being an employee. So if it's been 7 years since you were an employee, you should answer No.
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