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 (QBI)...

The deduction is available, regardless of whether taxpayers itemize deductions on Schedule A or take the standard deduction. Eligible taxpayers can claim it for the first time on the 2018 federal income tax return they file in 2019.

1. What line can this deduction be found on Form 1040?

2. Suppose business income was $100,000. Enter the appropriate deduction in the appropriate line to your answer for the previous questions. Ignore all other lines and attach Form 1040.

3. Is this a For or From AGI deduction?

4. Regardless of your answer to the previous question, how is QBI deduction similar to other For AGI deductions?

5. How is the QBI deduction similar to other From AGI deductions?