A taxpayer operates a Specified Service Trade or Business (SSTB) - a consulting firm. They are single with taxable income of $300,000 in Year 1. The QBI threshold for single filers is $191,950 (Year 1 approx). What is their QBI deduction?

1. Identify Business Type: SSTB.<br/>2. Identify Income Level: $300,000.<br/>3. Compare to Threshold: $191,950 (Phase-out range is $50k for single, ending ~$241,950).<br/>4. Status: Income exceeds the top of the phase-out range.<br/>5. Result: No QBI deduction allowed for SSTB high earners.