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Does capital gain income can affect my Section 199A limitation or not?

Date of Posting : June 30, 2020

Yes, it can affect my Section 199A limitation if you look at the basics where the Section 199A is available on less than 20% of net business income or 20% of taxable income. Capital gains, dividends, and interest income are excluded from your business income. Capital gains are also excluded for an individual income while calculating Section 199A deductions.