155 S
When determining taxable income for purposes of calculating the 80% limitation on NOLs, the QBI deduction is ignored. Example. 1. 4. The year is 2021 and NOLs are generally limited to 80% of taxable income. A married couple has taxable income in 2021 of $100,000 before considering a QBI deduction of $15,000. They also have a pre-2018 NOL of ... ................
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