What is the Qualified Business Income Deduction and Who Qualifies?

If you are a business owner or looking to start your own business, learn more about the Qualified Business Income Deduction (QBI) here.
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[@Idelca23]

OMG REAALY THANKS A LOT FOR THIS VIDEO, IT HELPS ME A LOT

[@hollythemasterherbalist9040]

We are passive investors in a real estate deal (100k) and received a K-1. There was a loss of 58k because of accelerated depreciation. Our accountant put the K-1 form in and now we owe more money on our taxes because it reduced our income, so we have less to deduct from the QBID. This doesn't seem correct. I've done significant research, but it is a bit confusing. Even though the enterprise that we invested in qualifies for QBID, we are passive and limited partners, so I don't think it should go against our active income.

[@molentax]

Separating active vs. passive income can be tricky. We'd be happy to review your return if you are still worried about it being done correctly.

[@vigogom.3805]

can non employee compensation qualify? computer services