Question

Becker CPA Review 2-5

Which of the following is the overall limitation to the qualifying business income (QBI) deduction?

a.Lesser of: 50 percent of combined QBI or 20 percent of the taxpayer’s taxable income in excess of net capital gain

b.Lesser of: combined QBI or 20 percent of the taxpayer’s taxable income in excess of net capital gain

c.Lesser of: 50 percent of W–2 wages or 25 percent of W–2 wages plus 2.5 percent of the unadjusted basis of qualified property

d.Taxable income limitations based on filing status

Answer 1

2. Ans (6) Lesser of: Combined QB I or 20-1. of the tanpayer's tanable income in encess of net capital gain