Qualified Business Income Deduction Assessment

The new Internal Revenue Code Section 199A provides a 20 percent deduction of domestic qualified business income (QBI) from a partnership, S corporation or sole proprietorship to noncorporate taxpayers, i.e., individuals, trusts and estates. Not sure if you’re eligible? Let our step-by-step assessment guide you through this determination.
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You are not eligible for a deduction under Internal Revenue Code Section 199A. 

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You are not eligible for a deduction under Internal Revenue Code Section 199A. 

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You are not eligible for a deduction under Internal Revenue Code Section 199A. 

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Your deduction, which is limited to 50 percent of W-2 wages allocable to domestic production gross receipts, is equal to 9 percent of the lesser of: (1) qualified production activities income (domestic production gross receipts less the cost of goods sold, losses & other expenses properly allocable to those receipts) OR (2) cooperative taxable income (taxable income determined before any deduction for patronage dividends, per-unit retain allocations & nonpatronage dividends)

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You are not eligible for a deduction under Internal Revenue Code Section 199A

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You are eligible for a deduction under Internal Revenue Code Section 199A; however, your deduction may be limited. Contact your trusted BKD advisor for help determining the amount of your potential deduction

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You are eligible for a reduced deduction under Internal Revenue Code Section 199A. Contact your trusted BKD advisor for help determining the amount of your potential deduction. 

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You are eligible for a deduction under Internal Revenue Code Section 199A; however, your deduction may be limited. Contact your trusted BKD advisor for help determining the amount of your potential deduction

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