Individuals and owners of businesses may get business income deductions under 199 A deduction . The deduction has two component- The QBI component and REIT/PTP component.The QBI component has certain limitations depending on the tax payers taxable income.However these limitations are not applicable to tax payers with taxable income at or below a certain limit.In 2018 this amount was $315,000 for a married couple filing a joint return and $157,500 for all other tax payers.
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