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John wants to utilize the Qualified Business Income deduction. (using the simplified computation on form 8995). He had no net loss carryover. How much does
John wants to utilize the Qualified Business Income deduction. (using the simplified computation on form 8995). He had no net loss carryover. How much does he get? Where does it go on return? if his income from business is $ 100000 and has income from interest of $1000 Also, he receives $450 from his father's IRA.and he had capital gain from sell stock $2500. John expenses are 40000 and 1/2 of the self-employment tax is $5000 John
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