Qualified business income (QBI) is defined as the ordinary income less ordinary deductions that a taxpayer earns from a qualified trade or business (e.g., from a sole proprietorship, S corporation, or partnership) conducted in the United States by the taxpayer.

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Qualified Business Income (QBI) is indeed defined as the net amount of qualified items of income, gain, deduction, and loss from any qualified trade or business. This includes income from partnerships, S corporations, sole proprietorships, and certain trusts and estates, conducted in the United States by the taxpayer.

Qualified Business Income (QBI) Is Defined as the Ordinary Income