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成功的人是跟别人学习经验,失败的人只跟自己学习经验。今天,小编带大家梳理AICPA考点:Qualified Business Income III。大家过来看一看吧~
Qualified Business Income III
按照taxpayer的收入多少,Section 199A Qualified Business Income Deduction有不同的计算方法,根据 taxable income和the W-2 wage, 还有 property limitation, taxpayers可分为 three categories:
Category 2: Taxpayers with taxable income above $213,300 (single or head of household) or $426,600 (MFJ) (2020)/个人收入大于 $213,300
If QTB → Full W-2 wage and property limitation applies
If SSTB → No QBI deduction allowed
Example 3 QTB With Taxable Income of $213,300 or More
Facts: A taxpayer filing as single has the following:
Taxable income before QBI deduction = $220,000
Net capital gains = $0
QBI = $100,000
Taxpayer's share of QTB's W-2 wages = $30,000
Taxpayer's share of QTB's UBIA of qualified property = $80,000
Required: Calculate the Section 199A QBI deduction.
解析:Taxpayer是单身,收入大于$163,300,属于Category 2,需要满足Test1 和Test 2的限制。
QBI基本抵扣:QBI deduction= $100,000× 20% = $20,000
Test 1:两者取大$15,000
1,50 percent of W-2 wages for the business= $30,000 × 50% = $15,000
2,25 percent of W-2 wages for the business +2.5 percent of the unadjusted basis immediately after acquisition (UBIA) of all qualified property= ($30,000 × 25%) + ($80,000 × 2.5%) = $9,500
Test 2: 两者取小$20,000
1,QBI deduction= $20,000
2, Overall limit 是taxpayer's taxable income (before the QBI deduction)大于 net capital gain部分的20%= $220,000 taxable income × 20% = $44,000,
所以Section 199A QBI deduction = $15,000
Solution: Because the taxpayer's taxable income of $220,000 is greater than the maximum amount of $213,300 and the business is a QTB, the full W-2 wage and property limitation applies.
Tentative QBI deduction = $100,000 QBI × 20% = $20,000
W-2 wage and property limitation:
Greater of:
1. $30,000 W-2 wages × 50% = $15,000
2. ($30,000 W-2 wages × 25%) + ($80,000 UBIA of qualified property × 2.5%) = $9,500
W-2 wage and property limitation of $15,000 is less than the tentative QBI deduction of $20,000, so the QBI deduction is limited to $15,000 by the W-2 wage and property limitation.
Overall limit = $220,000 taxable income × 20% = $44,000, so not limited by the overall limit
Section 199A QBI deduction = $15,000
Example 4 SSTB With Taxable Income of $213,300 or More
Facts: A taxpayer filing as single has the following:
Taxable income before QBI deduction = $220,000
Net capital gains = $0
QBI = $100,000
Taxpayer's share of SSTB's W-2 wages = $30,000
Taxpayer's share of SSTB's UBIA of qualified property = $80,000
Required: Calculate the Section 199A QBI deduction.
解析:Taxpayer是单身,收入大于$163,300,属于SSTB类别,所以QBI deduction不允许,为0.
Solution: Because the business is an SSTB and the taxpayer's taxable income exceeds $213,300, the taxpayer is not eligible for the QBI deduction.
Section 199A QBI deduction = $0
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