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Which is TRUE about qualified business losses (QBLS)? OBLs are carried forward and will reduce income subject to SE tax Qels are deducted from adjusted
Which is TRUE about qualified business losses (QBLS)? OBLs are carried forward and will reduce income subject to SE tax Qels are deducted from adjusted gross income on Schedule 1 (Form 1040) If a taxpayer has a QBL and a net operating loss (NOL), the losses are always carried back or forward to the same tax year OBLs will reduce qualified business income when calculating the QBI deductions D Mark for follow up
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