1.The Tax Cuts and Jobs Act of 2017 reduced the corporate income tax rate to a 21% flat rate.

True

False

2. The Tax Cuts and Jobs Act of 2017 eliminated the child tax credit.

True

False

3. A taxpayer can deduct pass-through losses on his Form 1040. However, he must pass all these limitations in order to deduct the losses, except the

		A.basis limitation.
		B.the limitation on the number of children he has.
		C .at-risk limitation.
		D.passive loss limitation.