QBI - Qualified business Income

QBI - Qualified business Income

[yerenisdiaz]

Sus clases son excelentes, muchas gracias !!!

[garys]

Hope you can answer this question. A single flier with a sole proprietorship and the business that meets the classification of Qualified Business Income but the business has no employees, therefore no W-2 wages. It is a one(1) person business. If the business income is under $157, 000 would they get the 20% Qualified business income deduction? I thought for the deduction it is 20% deduction or 50% of payroll (W-2) whichever is less, BUT with ZERO payroll the less is ZERO or no Qualified business income deduction.

If that same person has business income over 207, 000 say $220, 000 would the Qualified business income deduction be $0 zero since again there are no payroll wages? It really seems like small businesses that are sole proprietorship with greater than $207K got nothing from the TCJA? The other option of 20% deduction or { 2.5% of equipment + 25% of payroll (W-2) } whichever is less also can not be considers if business equipment is less than 10K and again no payroll since it is a one person sole proprietorship where the business income passes on to the single fliers 1040.

Thanks in advance for your video and time reading this comment.

[hermilocha]

Buenos días señor carlos..recibí una 1099 miscl de una compañía LLC que contrata electricistas como subcontratistas. Calificó para QBI?

[argeliatorres]

Buen día Carlos,
¿Cual de los contribuyentes que traen una 1099-MISC que tienen gastos y los que no tienen gastos califican para el QBI?

Gracias