Married taxpayer who file a joint return and have taxable income of less that $340101...
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Accounting
Married taxpayer who file a joint return and have taxable income of less that $340101 may be eligible to deduct 20% of their QBI. However, their deduction could be subject to a limitation based on:
Ordinary taxable income (before QBI) deduction minus net capital gains and qualified dividends.
Phase-in rules
Phaseout rules
The amount of their taxable income from Form 1040, line 15.
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