Which of the following is true about the qualifying business income (QBI) deduction for taxpayers with taxable income above the taxable income limitations?
a. If the taxpayer is a specified service trade or business (SSTB), no QBI deduction is allowed.
b. If the taxpayer is a qualified trade or business (QTB), W–2 wage and property limitations do not apply.
c. If the taxpayer is a qualified trade or business (QTB), W–2 wage and property limitations are phased in.
d. If the taxpayer is a specified service trade or business (SSTB), W–2 wage and property limitations apply.