QBI Deduction Calculation
When calculating QBI Deduction for form 2210, Schedule AI, part 1, line 9, I know it is 20% of the smaller of your business income minus half self employment tax, or your taxable income excluding capital gains and qualified dividends. I am assuming it is figured on income for each period that has already been annualized because it is after line 3 where income for each period is annualized. Am I assuming correctly?
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