Page 333 - Large Business IRS Training Guides
P. 333
General Computation
Within the Phase-In Range 1
In general, the QBID equals the lesser of:
QBI Component
PLUS: 20% (qualified REIT Dividends +
qualified PTP Income)
or
20% (Taxable Income* – Net Capital Gain)
* Calculated before the QBID
67
