The taxpayer is a self$-$employed contractor who builds residences and had gross income of $$2\mathrm{.}2$ million. The net income attributed to

the business was $$450,000.$ Additionally, this taxpayer has a team of $10$ full$-$time employees, as well as contractors who perform the

design and build projects. The business has $$150,000$ of wages for the tax year, and the taxpayer is organized as a single$-$member LLC

and has filed as Married Jointly.

Is the following statement regarding Qualified Business Income $(QBI)$ relevant to this situation?

The deduction is available regardless of whether the taxpayer itemizes deductions or takes the standard deduction, and can be claimed for the

$2023$ tax year.