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Layman’s version of Deduction for Qualified Business Income of an Individual under Sec. 199A   The Qualified Business Income tax deduction gives the owners of pass-through businesses like sole proprietors, partnerships, S corporations and real estate investors a deduction equal to 20% of qualified business income.   What is Qualified Business Income?   The qualified business income includes the profit from an active trade or business and then also rental income as long as you operate as a pass-through entity.   … Continued