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Business & farm
Yes, you can leave it blank if you don't qualify to use it due to the specified service trade or business (SSBT). Review the information in the link below before you decide:
If your income is above the threshold for 2022 there is no deduction for the qualified business income deduction (QBID) and only losses are eligible for carryover.
Your QBI for each of your trades or businesses may be partially or fully reduced to the greater of 50% of W-2 wages paid by the qualified trade or business, or 25% of W-2 wages plus 2.5% of the UBIA of qualified property from the qualified trade or business.
The partial or full reduction to QBI is determined by your taxable income. If your taxable income (before the QBI deduction) is:
• At or below the threshold, you don’t need to reduce your QBI;
• Above the threshold but below the phase-in range (more than $340,100 and $440,100 if married filing jointly, and $170,050 and $220,050 for all other returns), the reduction is phased in; or
• Above the threshold and phase-in range, the full reduction applies.
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