Jason and Paula are married. They file a joint return for 2021 on which they report taxable income before the QBI deduction of $279,500. Jason operates a sole proprietorship, and Paula is a partner in the PQRS Partnership. Both are a qualified trade or business, and neither is a "specified services" business. Jason's sole proprietorship generates $184,000 of qualified business income and W-2 wages of $23,600 and has qualified property of $21,500. Paula's partnership reports a loss for the year, and her allocable share of the loss is $24,700. The partnership reports no W-2 wages, and Paula's share of the partnership's qualified property is $9,600. Assume the QBI amount is net of the self-employment tax deduction. What is their QBI deduction for the year? 279,500 X Feedback Check My Work The deduction for qualified business income must be determined separately for each qualified trade or business. These independent calculations are then combined [becoming the "qualified business income amount" identified in 199A(a)(1)(A)]. This combined amount is then compared to the overall modified taxable income limit.