DavidS127
Expert Alumni

Deductions & credits

You are getting the full amount according to the rules.

 

According to the IRS (see Q6 at this link), the QBI deduction is the lesser of:

  1. 20 percent of the taxpayer's QBI, plus 20 percent of the taxpayer's qualified REIT dividends and qualified PTP income' or
  2. 20 percent of the taxpayer's taxable income minus net capital gain.

Note also that for a "specified service trade or business" there is also a limitation if your taxable income exceeds a threshold amount.  For 2019, the threshold amount is $160,700 if single, $321,400 if married filing jointly.

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