Question: When taxable income exceeds the upper threshold limit, for each qualified trade or business, the qualified business income (QBI) deductible amount with respect to the

When taxable income exceeds the upper threshold limit, for each qualified trade or business, the qualified business income (QBI) deductible amount with respect to the qualified trade or business is •

A.Subject to additional limitations beyond the 20% overall limit.

B.Unlimited (i.e., 100% of QBI).

C.Limited to 20% of the taxpayer's QBI.

D.Completely disallowed (100% phaseout).

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