My surging business income is pushing me over the strict QBI deduction phaseout threshold, what specific strategies can lower my taxable income to preserve the deduction?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

For businesses near the QBI deduction phaseout area, the main considerations often include the type of entity, the mix of ordinary business income versus other income, and how year-end deductions are timed. In many cases, the analysis also turns on whether compensation, retirement contributions, equ For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.