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For high-income taxpayers (in 2020, $426,600 for married taxpayers filing jointly; $213,300 for single and head-of-household taxpayers), 199A [the qualified business income deduction] excludes any
For high-income taxpayers (in 2020, $426,600 for married taxpayers filing jointly; $213,300 for single and head-of-household taxpayers), 199A [the qualified business income deduction] excludes any specified service trade or business from the definition of a qualified trade or business.
What are the specified service trade or business that would exclude these high-income taxpayers from receiving the qualified business income deduction?
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
17th edition
007802577X, 978-0078025778
