Example numbers: Initial QBI Income 196,185, my AGI 343, 408. Since I am 13,608 over the 329,800, my phase out % is .1361 and my phase in % is .8639. My QBI deduction should be 196,185 x .8639 x .20 = 33,897. But instead, Turbo Tax takes the 33,897 number and further multiplies it by the phase in % AGAIN leaving a QBI deduction of 29,283.
I get that as an SSTB you are phased out. But why would me eligible QBI Income be multiplied TWICE by the phase in % and then 20% of that given as my deduction. It makes no sense.
I discovered this error on this years taxes but see that the same thing was done for my 2021 taxes.
Am I missing something?
