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February 13, 2023
Question

Is this activity a qualified trade or business under Section 199A. I need to know what I put last year. Where can I find this info?

  • February 13, 2023
  • 1 reply
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1 reply

JosephS1
February 13, 2023

The actual input you made for your 2021 return would be available if you access amending your 2021 return.  You do not need to amend but getting in to the amendment process is necessary to see the actual input.  When the program asks why you need to amend you can say you need to add a state or something similar but does not mean you actually have to followup on amending.

 

To see what you actually claimed on your 2021 return look at line 13 on your 2021 1040 as that is the deduction line for QBI.  The actual QBI would be 5 times greater than that amount as the QBI deduction is limited to 20% of qualified QBI income.

 

@skyep2016 

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