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Q Ltd . and R Ltd . both operate separate active businesses. Recently they created a joint venture to complete a single construction project. The

Q Ltd

.

and R Ltd

.

both operate separate active businesses. Recently they created a joint venture to complete a single construction project. The joint venture earned $

900, 000

in the current year. Q

s share of this income qualifies for the small business deduction on Q

s tax return. Is this statement true or false?

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