Question
Taxpayers are allowed a deduction up to 20% of the qualified business income (QBI). QBI includes business income from sole proprietorships (Schedule C) and flow-through
Taxpayers are allowed a deduction up to 20% of the qualified business income (QBI). QBI includes business income from sole proprietorships (Schedule C) and flow-through entities such as partnerships, limited liability companies, S corporations, trusts, and estates. Is this deduction the same as "Itemized deduction", and do you feel C Corporations should quality for this deduction.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
