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For the year 2020, explain in detail what you know regarding the Qualified Business Income deduction in relation to the following: What is the deduction

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For the year 2020, explain in detail what you know regarding the Qualified Business Income deduction in relation to the following: What is the deduction for? Where does it fall in the 1040 tax formula? Who can claim the deduction? How is the general deduction calculated for individuals under the taxable income limit for phase-out by filing status

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