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In the 2 0 2 3 , John Smith, single is a 1 0 0 % owner of an S Corporation. The S Corporation reported

In the 2023, John Smith, single is a 100% owner of an S Corporation. The S Corporation reported qualified business income of $75,000. John's taxable income, including his share of the $75,000, is $63,000 and he has no capital gains or dividend income. His qualified business income deduction is:
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