Required:Calculate the Section 199A QBI deduction. 解析:Taxpayer是单身,收入大于$163,300,属于SSTB类别,所以QBI deduction不允许,为0. Solution: Because the business is an SSTB and the taxpayer's taxable income exceeds $213,300, the taxpayer is not eligible for the QBI deduction. Section 199A Q...
However, if your qualified business income deduction falls within the phase-in range, there are limitations. If you’re an SSTB and within the threshold limitation, you can claim the full 20% deduction, the same as you would with a non-SSTB. But if it’s within the phase-in limitation...
The QBI deduction allows eligible individuals to deduct qualified business income from their taxable income. Find out it can provide your business with valuable tax breaks.
(2) DETERMINATION OF DEDUCTIBLE AMOUNT FOR EACH TRADE OR BUSINESS. The amount determined under this paragraph with respect to any qualified trade or business is the lesser of- (A) 20 percent of the taxpayer’s qualified business income with respect to the qualified trade or business, or (B)...