QBI – What is it and how does it affect being taxed as an S-Sorp

DWQA QuestionsCategory: TexasQBI – What is it and how does it affect being taxed as an S-Sorp
Keith Zellers asked 1 year ago

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?