Am I Eligible For a Qualified Business Income (QBI) Deduction? -

Determining eligibility for the Qualified Business Income (QBI) deduction can difficult to navigate. There are several factors and issues that business owners must consider. To help you determine eligibility, this flowchart addresses common considerations such as owning multiple businesses, annual limits, types of income and more.

Download the flowchart here.

Contact us for more information or questions.

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

The LPL Financial registered representatives associated with this site may only discuss and/or transact securities business with residents of the following states: AL, AK, AZ, CA, DC, FL, GA, IN, KY, LA, MI, MO, MS, NC, NV, NY, OH, SC, TN, TX, VA, WA, WI.

Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC.