Qualified Business Income Deduction

[rtl6836]

Does a physician who's self employment income is $150,914 and taxable income (MFJ) is $200,749 qualify for the Business Income Deduction?

[IRonMaN]

What happens when you try to take the deduction?

[abctax55]

Jeff, what happened to the extra 1.38" (or whatever it was...) you were previously advising for safety?

[rtl6836]

It will let me take the deduction, but I thought income from a specified service trade or business did not qualify.  I have since learned that they may qualify based on the phase in rules.  Is that correct?

[IRonMaN · Accepted solution]

They are subject to income limitations, but otherwise qualify.

Anna - just thought I would freshen things up a little.