My advisory firm is profitable now. At what point does the consulting-SSTB rule start shrinking QBI?
I am from the U.K. and run a consulting and advisory practice through a U.S. pass-through structure. The business is finally having a good year, and my taxable income may land somewhere around $225,000. My CPA keeps saying I am in the 'phase-in zone' because consulting is an SSTB, but I want to understand what that actually means in plain English.
I am not asking for a complete tax projection in this thread. I want to know why the deduction was easy when income was lower and suddenly becomes more technical once taxable income moves above the threshold.
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