 Category 1: Taxpayers with taxable income at or below \$163,300 (single or head of household) or \$326,600 (MFJ) (2020)/个人收入不到\$163,300（No Test 1）

If QTB → Full 20% QBI deduction

If SSTB → Full 20% QBI deduction

Example 1 QTB With Taxable Income Up to \$163,300

Facts: A taxpayer filing as single has the following:

Taxable income before QBI deduction = \$50,000

Net capital gains = \$5,000

QBI = \$40,000

Required: Calculate the Section 199A QBI deduction.

QBI基本抵扣：QBI deduction= \$40,000× 20% = \$8,000

Test 1：limitation 不适用

Test 2：两者取小\$8,000

1, QBI deduction= \$8,000

2, Overall limit 是taxpayer's taxable income (before the QBI deduction)大于 net capital gain部分的20%= (\$50,000 taxable income – \$5,000 net capital gains) × 20% = \$9,000

Solution:

Tentative QBI deduction = \$40,000 × 20% = \$8,000

W-2 wage and property limitation does not apply because taxable income before the QBI deduction is less than \$163,300.

Overall limit = (\$50,000 taxable income – \$5,000 net capital gains) × 20% = \$9,000, so not limited by overall limit

Section 199A QBI deduction = \$8,000

Example 2 SSTB With Taxable Income Up to \$163,300

Facts: A taxpayer filing as single has the following:

Taxable income before QBI deduction = \$50,000

Net capital gains = \$15,000

QBI = \$40,000

Required: Calculate the Section 199A QBI deduction.

QBI基本抵扣：QBI deduction= \$40,000× 20% = \$8,000

Test 1：limitation 不适用

Test 2：两者取小\$7,000

1, QBI deduction= \$8,000

2, Overall limit 是taxpayer's taxable income (before the QBI deduction)大于 net capital gain部分的20%= (\$50,000 taxable income – \$15,000 net capital gains) × 20% = \$7,000

Solution:

Tentative QBI deduction = \$40,000 × 20% = \$8,000

W-2 wage and property limitation and SSTB exclusion do not apply because taxable income before the QBI deduction is less than \$163,300.

Overall limit = (\$50,000 taxable income – \$15,000 net capital gains) × 20% = \$7,000, so deduction is limited by overall limit Section 199A QBI deduction = \$7,000

· 更多资讯：

 AICPA报名 AICPA报名条件 AICPA报名时间 AICPA学历认证 AICPA考试 AICPA考试地点 AICPA考试科目 AICPA考试时间 AICPA考试 AICPA考试题型 AICPA考试形式 AICPA准考证 NTS申请 NTS有效期 AICPA成绩 AICPA查分时间 AICPA AICPA合格标准 AICPA学习方法 AICPA报考建议 AICPA合格证书 AICPA继续教育

Get学霸同款课

12052人已学免费试听