Under the Section 199A QBID, small business owners are eligible to deduct 20% of their QBI from their individual income – or 20% of their total ordinary taxable income if it is less than their QBI.

Under the newly enacted Internal Revenue Code Section 199A, owners of pass-through entities, such as LLCs, partnerships, trusts, sole proprietorships, and S corporations, may deduct up to 20% of ...