When talking with another business owner, I was sharing what I learned from you guys about how/when to be taxed as an S-Corp. I mentioned he should run it by his CPA. He did and relayed back that you have to consider how it affects your use of the QBI deduction. QBI?? I tried to research it online and am now just confused about it. Your input is welcome. How to use S-Corp taxation and/or QBI effectively?
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