When figuring the amount of income eligible for the QBID you need to also take into account other Self Employment related deductions that you are taking on your Federal return.
The amount of Qualified Business Income on your 8995 is your Profit from the Schedule C minus:
- 1/2 SE tax deduction
- your deduction for SE Health Insurance
- your SE deduction for contributions to SEP, Simple, or Qualified Retirement Plan.
This information can be found in "Determining your Qualified Business Income" in the 8995 Instructions.
Where can I verify these amounts?
If you log in and click on Summary/Print you can view the amounts of each of those deductions by clicking show details next to Adjusted Gross Income. These amounts are not allowed when figuring your QBID since they are already being used as a Self-Employment related deduction on your Tax return.