Question

TurboTax says I qualify for a Qualified Business Income deduction & won't let me enter individual business expenses. I don't qualify because of my profession (lawyer)??

Forum|Forum|5 years ago
April 15, 2021
1 reply
0 views

What do I do next??

TurboTax Self Employed Online

You may qualify for a qualified business income (QBI) deduction even if you are considered a specified service trade business (SSTB). You may be entitled to at least a partial QBI deduction if your adjusted gross income is under $213,300 (single filer) or $426,000 (joint filer). That may be why TurboTax is saying you qualify for a QBI deduction even though you are a lawyer.

I'm not sure why you can't enter your business expenses, maybe you could be more descriptive as far at that is concerned.

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