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Banjo3
New Member

Has anyone seen a discrepancy in the QBID calculation? Our business income is $83,277, but our QBID is only $12,478, not 20%?

 
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JulieCo
New Member

Has anyone seen a discrepancy in the QBID calculation? Our business income is $83,277, but our QBID is only $12,478, not 20%?

There are several pieces to the QBI deduction calculation as it is not a straight 20% of business income.  For instance, for taxable income under the first threshold of taxable income under $157,500 single or $315,000 joint, the calculation is 20% of QBI (which is your qualified business income less your portion of self-employment taxes, self-employed health insurance, etc) OR 20% of your taxable income (except capital gains and dividends), whichever is LESS.

See more information below, including deduction calculation examples within each threshold level:



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