Date of Posting : June 22, 2020

The SSTB limitation does not apply to a taxpayer whose taxable income is less than $315,000/$157,500 threshold amounts (as mentioned in the last question). For taxpayers whose payable income fall between phase-in range (mentioned in recent Q&A), the taxpayer’s share of QBI, W-2 wages, and UBIA of qualified property related to the SSTB will be limited. If the taxpayer’s taxable income is more than this range, there will be no deduction concerning any SSTB. These threshold amounts and phase-in range are for the tax year 2018 and may be changed as per inflation in the coming years.