There are not sufficient facts to indicate whether TT is calculating this correctly.
However, you indicate that TT is indicating "QBID before limitations".
If a taxpayer is limited as a result of income, there are two other limitations that need to be considered:
- 50% of W-2 wages
- 25% of W-2 wages plus 2.5% of qualified property
So based on your specific facts, you need to look at these components (limitations) and factor those into the calculation to determine whether TT is arriving at the correct QBID.
Also keep in mind, that if you are an SSTB and exceed the threshold for MFS or MFJ, there is no QBID period.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
