Sec 199A: QBI Deduction IRA vs SEP Contribution
Schedule C client with moderate profit--$40,000
An IRA is a higher amount for client than a SEP.
Smart worksheet in Section E: Line 6E: S.E. Retirment deduction connected to business will input a SEP contribution (which lowers the calculation) but it excludes an IRA.
The result with an IRA is a higher QBI dedcution. I've reviewed the regs with no success.
Any input would be appreciated
