It appears the phase-in is being applied twice. First, at the QBI calculation level and then when calculating the actual deduction. So my QBI is getting reduced by the applicable percentage (based on...
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It appears the phase-in is being applied twice. First, at the QBI calculation level and then when calculating the actual deduction. So my QBI is getting reduced by the applicable percentage (based on the phase-in) and then the QBID at 20% of the already reduced QBI is getting reduced again by the same %. Is this correct? I am aware of the phase-in range calculation, just didn't know it would be applied twice. Thanks!