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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 Income(QBI) deduction may: 1. not be taken by partners in a partnership, 2. reduce the taxable ordinary income of the individual partner, 3. allow partners to take a deduction for up to 20% of thei portion of qualified business income from the partnership, 4. be carried forward if the partnerhip is unable to take the deduction in the current year.

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