give positive feedback for the following: 1.) Qualified Business Income: The net amount of gain (net income) or loss (net loss) from any qualified trade or business. This includes income from partnerships, S corporations, sole proprietorships and even some trusts. However, this does not include any income from items such as: dividends, capital gains or losses, interest income not directly allocated to the business or trade, and wage income. Furthermore, income from a specified service trade or business is subject to certain limitations. Qualified Business Income Deduction: This allows eligible taxpayers to deduct up to 20% of their qualified business income. This deduction is available to individuals, trusts, and estates, but not to C corporations. It applies to income from partnerships, S corporations, sole proprietorships, and certain trusts and estates. The deduction is subject to both limitations and phase-outs