Is it me or is everyone side-stepping my question?? I need some guidance on a very specific question rather than the basics of the QBI calculation. While I appreciate the prompt responses, the information provided is rudimentary and does not directly address my question. I will repeat my very specific question a third time (which only requires viewing the TT Worksheet and doesn't require any further information):
Why does the "Qualified Business Income Component Worksheet" calculate the QBI deduction as follows:
QBI Income x Applicable % x Applicable % x 20%. This appears wrong to me and should be:
OBI Income x Applicable %.
I don't need advice on what the QBI income is based on, how SSTB businesses are treated, how W2 wages effect the calculation, etc..etc...just look at the Worksheet. The calculation doesn't make sense so the worksheet is wrong (which I doubt) or I am missing something very basic. See my previous post that shows the line numbers I am referring to on the Worksheet.
