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6 changes: 6 additions & 0 deletions changelog_entry.yaml
Original file line number Diff line number Diff line change
Expand Up @@ -9,3 +9,9 @@
- self_employment_income_would_be_qualified
changed:
- qualified_business_income

- bump: patch
changes:
fixed:
- corrected uprating for QBI dividend income variables
- documented uprating for farm_operations_income
Original file line number Diff line number Diff line change
Expand Up @@ -9,4 +9,5 @@ class qualified_bdc_income(Variable):
documentation = "Business Development Company Dividend Income. Part of the QBID calculation."
definition_period = YEAR
reference = "https://www.law.cornell.edu/uscode/text/26/1#h_11"
uprating = "calibration.gov.irs.soi.self_employment_income" # TODO: Update
# Uprate using the same series as other dividend income.
uprating = "calibration.gov.irs.soi.qualified_dividend_income"
Original file line number Diff line number Diff line change
Expand Up @@ -8,4 +8,5 @@ class qualified_reit_and_ptp_income(Variable):
unit = USD
documentation = "REIT and Publically Traded Partnership Income. Part of the QBID calclulation."
definition_period = YEAR
uprating = "calibration.gov.irs.soi.self_employment_income" # TODO: Update
# Uprate using the same series as other dividend income.
uprating = "calibration.gov.irs.soi.qualified_dividend_income"
Original file line number Diff line number Diff line change
Expand Up @@ -17,7 +17,5 @@ class farm_operations_income(Variable):
unit = USD
documentation = "Income from active farming operations. Schedule F. Do not include this income in self-employment income."
definition_period = YEAR
uprating = "calibration.gov.irs.soi.farm_income" # TODO: update



# Uprate farm operations income using SOI farm income series.
uprating = "calibration.gov.irs.soi.farm_income"