i need help with this please

US tax

QBI goes on the individual Form 1040. The reason I cover it in this course is because it is closely related to business income. You may want to review the Power Points for chapter 4 to answer questions 3 and 4. To answer question 1, review Form 1040. The following will help you with question 2, which was also a question that many got wrong on the multiple-choice. According to the IRS: Many owners of sole proprietorships, partnerships, S corporations and some trusts and estates may be eligible for a qualified business income (QBI) deduction - also called Section 199A - for tax years beginning after December 31, 2017. The deduction allows eligible taxpayers to deduct up to 20 percent of their qualified business income (QBT).' 1. On what line of Form 1040 do you enter the QBI? 2. Which of the following business forms qualify for the business income deduction? (must get all correct to get credit) Yes or No s Corporations C Corporations Sole proprietorships Partnerships Trusts and Estates The placement of the QBI makes it a unique deduction. That is, it does not fall into the two broad categories of individual deductions, 3. What are the two broad categories of individual deductions and how do they differ? Focus