Allowance of deduction
4 rules1 of 2 subsections
In the case of a taxpayer other than a corporation, except as provided in subsection (i), there shall be allowed as a deduction for any taxable year an amount equal to the lesser of—
(1)
(1)#
the combined qualified business income amount of the taxpayer, or
(2)∀ 2#
an amount equal to 20 percent of the excess (if any) of—
(A) the taxable income of the taxpayer for the taxable year, over
(B) the net capital gain (as defined in section 1(h)) of the taxpayer for such taxable year.