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Enrolled Agent Exam [Part 1] 39, Qualified Business Income (QBI) Deduction

Enrolled Agent Exam [Part 1] 39, Qualified Business Income (QBI) Deduction

Finance Exam Prep · Ran Chen, EA, CFP®

February 23, 20264m 9s

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Show Notes

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: • How to calculate the basic Qualified Business Income (QBI) deduction. • The critical 'lesser of' limitation that determines the final deduction amount. • Why taxable income before the QBI deduction is a key figure in the calculation. • The specific role of net capital gains in reducing the taxable income limitation. • A common exam trap where test-takers forget to apply the taxable income limitation. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep