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16. Qualified PTP income or loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

17. Taxable income before qualified business income deduction . . . . . . . . . . . . . . . . . .

18. Threshold. Enter $157,500 ($315,000 if married filing jointly) . . . . . . . . . . . . . . . . . .

19. Subtract line 18 from line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20. Phase-in range. Enter $50,000 ($100,000 if married filing jointly) . . . . . . . . . . . . . . .

21. Divide line 19 by line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

22. Applicable percentage. Subtract line 21 from 100% . . . . . . . . . . . . . . . . . . . . . . . . .

23. Applicable percentage of qualified PTP income or loss. Multiply line 16 by line 22. Enter this amount on Part IV, line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Schedule A—Specified Service Trades or Businesses (SSTB) Fill out Schedule A if your trade or business is a specified service trade or business and your taxable income is more than $157,500 but not $207,500 ($315,000 and $415,000 if married fil- ing jointly). If your taxable income is $157,500 or less ($315,000 if married filing jointly), skip Schedule A. If your taxable income is $207,500 or greater ($415,000 if married filing jointly), your specified services business does not qual- ify for the QBI deduction. For more information on specified service trades or businesses, see Specified service trade or business excluded from your qualified trades or businesses, earlier. Line 2. Qualified business income from the trade or business. Enter your QBI for each specified service trade or business. Line 3. Allocable share of W-2 wages from trade or business. Enter your W-2 wages from each specified service trade or business. Line 4. Allocable share of the unadjusted basis immediately after acquisition. Enter your share of the UBIA of qualified property for each specified service trade or business. Line 5. Taxable income before qualified business income deduction. Enter your tax- able income figured without regard to the QBI deduction. (Form 1040, line 7, Adjusted gross income, minus Form 1040, line 8, Standard de- duction or itemized deductions). Line 6. Threshold. Enter the threshold amount, $157,500 ($315,000 if married filing jointly). Line 8. Phase-in range. Enter the phase-in range, $50,000 ($100,000 if married filing jointly). Schedule B—Aggregation of Business Operations Keep for Your Records Aggregation: 1. Provide a description of the trade or business and an explanation of the factors met that allow the aggregation in accordance with Regulations section 1.199A-4. In addition, if you hold a direct or indirect interest in a relevant pass-through entity (RPE) that aggregates multiple trades or businesses you must attach a copy of the RPE's aggregations.

2. Has this trade or business aggregation changed from the prior year? This includes changes in the aggregation due to a trade or business being formed, acquired, disposed, or ceasing operations. If yes, explain.

3. (a) Name of trade or business (b) Taxpayer identification number (c) Qualified business income/ (loss) (d) W-2 wages (e) Unadjusted basis immediately after acquisition

4. Totals. Total columns (c), (d),and (e). Enter the total amounts on Schedule C or Parts II and IV of Worksheet 12-A, as appropriate. See instructions . . . . . . . . . . . . . . . . . .

Note. If you have more than one aggregated group, attach additional Schedules B. Name the additional aggregations 2, 3, 4, and so forth. Chapter 12 Qualified Business Income Deduction Page 53