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annaliese1999
March 23, 2022
Question

To be eligible for the qualified business income deduction must I have a self employed business?

  • March 23, 2022
  • 1 reply
  • 0 views
If I am employed by a business that qualifies but do not have a self employed business am I still eligible for the Qualified Business Income deduction?

1 reply

LudwigVan_fan
LudwigVan_fan
March 23, 2022

Not necessarily.  You could be the owner of an S corporation, partner in a partnership, trusts & estates might be eligible.

 

Also, some REIT dividends might be eligible and PTP income (publicly traded partnerships).

 

See this link for further information and details

 

https://www.irs.gov/newsroom/qualified-business-income-deduction

 

**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**
M
MayaD
March 23, 2022

Income earned by providing services as an employee is not eligible for the deduction.

Qualified Business Income Deduction FAQs

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