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Yes.
The IRS released the Final Regulations a couple of days ago that clarified that (1) the 1/2 SE tax deduction, (2) Self Employed Health Insurance deduction, and (3) employer retirement contributions need to be subtracted from your business profit to determine "Qualified Business Income" (QBI) for the 20% deduction.
Yes.
The IRS released the Final Regulations a couple of days ago that clarified that (1) the 1/2 SE tax deduction, (2) Self Employed Health Insurance deduction, and (3) employer retirement contributions need to be subtracted from your business profit to determine "Qualified Business Income" (QBI) for the 20% deduction.
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