Question: BI is calculated by first looking at all the different types of taxable income which includes wages, interest, and also capital gains. Then adjustments would
BI is calculated by first looking at all the different types of taxable income which includes wages, interest, and also capital gains. Then adjustments would be made by deducting the cost of goods sold and also other expenses that qualify in order to get to the net income. Then take the net income amount and ensure that the non-QBI is excluded. Then after all those deductions one would know their QBI
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