TAXMAN Posted February 26, 2019 Report Share Posted February 26, 2019 Just to check my mind. Both TP and spouse each have a schedule c in their joint return. TI below cutoff. I must combine both for the qbi? Correct? Quote Link to comment Share on other sites More sharing options...
Yardley CPA Posted February 26, 2019 Report Share Posted February 26, 2019 3 hours ago, TAXMAN said: Just to check my mind. Both TP and spouse each have a schedule c in their joint return. TI below cutoff. I must combine both for the qbi? Correct? TAXMAN...wouldn't entering the information individually on he QBI worksheet ultimately combine both? I'm not familiar with the specifics on a MFJ who both have a Schedule C, but I would think you enter the information on the worksheet and it will then combine. Look forward to seeing what the answer is. Quote Link to comment Share on other sites More sharing options...
G2R Posted February 26, 2019 Report Share Posted February 26, 2019 I believe so. Just remember to exclude 1/2 of the SE tax and any SE Health Insurance and SEP or Simple IRA contributions in your total. also, you might wait a couple days for the ATX update supposedly coming that might automatically flow this information for you so you have a double check on your numbers. Quote Link to comment Share on other sites More sharing options...
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