This chart simplifies the § 199A Qualified Business Income with an easy to understand illustration. You will also find examples on page two to help with getting clarification and understanding through a multitude of situations and scenarios. The following terms are described on page one to provide context:
Combined qualified business income
W2 wages
Qualified property
Qualified business income
Qualified trade or business
Specified service trade or business
Qualified REIT dividend
Qualified PPP income