For the 2020 Calculator Click Here        
  199A Deduction Calculator 2019    
       
  * Note: Enter the amounts for each separate business unless you are aggregating businesses    
  Enter Information     ------------  
  Single or Married Enter, then tab to next cell   Helpful 199A Deduction Articles   Single  
  Taxable Income   For definition of qualified business income see "Tax Reform: Wow, New 20 Percent Deduction for Business Income" Married
  Net Capital Gains and Dividends     For definition of qualified business income in the final regs see "IRS Issues Final Section 199A Regulations and Defines QBI"    
  Qualified Business Income (QBI)     For definition of qualified property see "Tax Reform: Wow, New 20 Percent Deduction for Business Income"    
  Specified Service Business?   For aggregration of businesses see "Caution: 199A Calculator Is Business-by-Business without Aggregation"    
  Wages Paid by Business   For multiple rental business see "How to Handle Multiple Rental Activities and the 199A Deduction"    
  Qualified Property in Business     For definition of service business see "IRS Section 199A Final Regs Shed New Light on Service Businesses" ------------  
            Yes  
  Results     No  
  Your 199A Deduction:      
         
         
         
See Below for Calculation Details        
     
Calculation if Below Phaseout Range    
  Lesser of:      
  20% of QBI    
  20% of *Defined Taxable Income    
  Deduction Limit    
  * Defined Taxable = Taxable Income - Net Capital Gains      
     
Calculation for Non-Service Business If in Phaseout Range    
  20% of QBI    
  Greater of Wage and Asset    
  Difference Between QBI and Greater of Wages/Assets    
  Reduction to QBI    
  Phaseout Deduction    
         
     
Calculation for Non-Service Business Above Phaseout    
  20% of QBI (or Defined Taxable Income if lower)    
  50% of Wages    
  25% of Wages    
  2.5% of Assets    
  Greater of 50% Wages vs. 25% Wages & Assets    
  Lesser of QBI (or Defined Taxable Income) and Wage/Asset    
     
Calculation for Specified Service Business If in Phaseout Range    
  20% of QBI (multiplied by applicable percentage)    
  Greater of Wage and Asset (multiplied by applicable percentage)    
  Difference Between QBI and Greater of Wages/Assets    
  Reduction to QBI    
  Phaseout Deduction    
     
Calculation for Specifed Service Business If Phased Out    
  No Deduction Allowed $0    
       
Copyright 2019 by W. Murray Bradford, CPA, Ver. 1.1