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Qualified Business Income ( QBI ) deduction may: 1 . not be taken by partners in a partnership, 2 . reduce the taxable ordinary income
Qualified Business IncomeQBI deduction may: not be taken by partners in a partnership, reduce the taxable ordinary income of the individual partner, allow partners to take a deduction for up to of thei portion of qualified business income from the partnership, be carried forward if the partnerhip is unable to take the deduction in the current year.
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