IRS confirms traders are eligible for QBI deduction
- Thread starter tiddlywinks
- Start date
Wish there was something like Greentrader tax in France and Canada. Income tax in foreign countries so much more complicated.
wrbtrader
Maybe there's none because they are more lenient than the IRS?
I don't know about more lenient but from doing business taxes I'm both Canada and the U.S. I can definitely say the tax code is far more complex in the U.S. (my home country).
Does the interest earned on cash in the account qualify for QBI? If so, how can I do that? I currently put the 1099-INT generated by IB on the personal side.
Not a tax expert, but I'm almost positive that interest does not qualify for QBI. That doesn't seem to make logical sense.