On my QBI Deduction Summary, my net QBI is 103,253, yielding a 20% QBI of $20,651. But then on Line 19 it lists "taxable income before qualified business income deduction" as $74,553. 20% of this amount is $14,911, so this becomes my QBI. Where does the $74,553 come from? I have 0 capital gains (line 20). I don't understand how my net qualified business income of $103,253 is reduced to a taxable income of $74,553. Can anyone please explain?
In forms mode, if you right-click the amount on line 19 and click Data Source on the pop-up menu, it tells you where it comes from and gives you a link to the source. Apparently line 19 is your AGI (Form 1040 line 11) minus your standard deduction or itemized deductions (Form 1040 line 12).
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