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March 2, 2022
Question

Can QBI change my farm income from a positive amount to a negative amount?

  • March 2, 2022
  • 1 reply
  • 0 views
CRP is my only farm income and I'm on Social Security.

1 reply

March 2, 2022

Qualified Business Income (QBI) is a deduction based on your business income, typically 20% of your net business income. It is not deducted from your business income to arrive at your net business income. So, it could not make your business income negative.

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