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Elena lives in the fictional state of Texarado. Texarado uses federal taxable income as the starting point for its state tax calculation and currently conforms
Elena lives in the fictional state of Texarado. Texarado uses federal taxable income as the starting point for its state tax calculation and currently conforms to the Internal Revenue Code. Which of the following federal tax benefits will automatically carry to Elena's 2020 Texarado return?
Qualified business income deduction.
Child and dependent care credit.
Credit for taxes paid to another state.
Dependency exemption.
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