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I am in the service industry that do not qualify for the qualified business deduction but turbo tax gave it to me. how do I remove it ?

 
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2 Replies
JulieCo
New Member

I am in the service industry that do not qualify for the qualified business deduction but turbo tax gave it to me. how do I remove it ?

If your taxable income was below the first threshold of the QBI deduction calculation ($157,500 for single filer or $315,000 for joint), the IRS made an exception for specified service or trade businesses to be included in the qualified business income deduction.  Therefore, if your taxable income was under the thresholds, then your service business income is allowed to have been allowed to be included in the deduction.

See more information from the IRS 1040 instructions below:

Exceptions: If your taxable income before the qualified business income deduction is less than or equal to $157,500 ($315,000 if married filing jointly), your specified service trade or business is treated as a qualified trade or business.  https://www.irs.gov/pub/irs-pdf/i1040gi.pdf





bbudeski
New Member

I am in the service industry that do not qualify for the qualified business deduction but turbo tax gave it to me. how do I remove it ?

Edit it if you haven't filed yet, or amend the return if already filed
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