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In 2018, I was single and will file for taxes with taxable income over $207,500. I receive income only from an SSTB. Am I eligible for the deduction concerning an SSTB?

Date of Posting : June 22, 2020

No, you will not be eligible. The same answer applies to a married couple who file taxes jointly, and their taxable income is more than $415,000. However, you may be eligible for a QBI deduction gained from other trade or business not entitled to be an SSTB or from qualified REIT dividends or qualified PTP income.