Reply To: QBI deduction calculations

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Kaye Thomas

Certain items that don’t appear on Schedule C are required to be taken into account in determining your QBI. Here’s a quote from the regs:

For purposes of section 199A only, deductions such as the deductible portion of the tax on self-employment income under section 164(f), the self-employed health insurance deduction under section 162(l), and the deduction for contributions to qualified retirement plans under section 404 are considered attributable to a trade or business to the extent that the individual’s gross income from the trade or business is taken into account in calculating the allowable deduction, on a proportionate basis to the gross income received from the trade or business.