I’m doing a tax year 2018 Section 199A calculation for a client and I’m getting different answers from different software programs. Help!
Here are the facts:
Married filing jointly with $375,000 taxable income
Schedule C from medical services with net qualified business income (QBI) of $650,000, wages of $150,000, and unadjusted basis in assets (UBIA) of $35,000
Schedule C from retail sales with net QBI loss of $250,000, wages of $60,000, and UBIA of $15,000 ... Log in to view full article.