Solved
Sole proprietorship net profit is $ 4,328. The software takes only $ 64 to form 8995 as QBI. Why doesn't all of the Schedule C net profit qualify
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There was a recent post on this. There are several items that you have subtract from the Net Profit. From a March 2024 post....
Although, your business generated a net income of $2897, it was negated by the deduction for the self-employed health insurance deduction, the self-employed retirement deduction, and 1/2 of your self-employment tax paid for the year. You zeroed out your net income thus there is no QBI after the adjustments were deducted from your taxable income for the year.
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