1. Which of the following is not correct regarding the Section 199A deduction?

A. Taxpayers with incomes below an annual threshold amount of taxable income will compute their deduction without taking the W-2 wages and depreciable assets computation into account.

B. The provisions of Section 199A are subject to a sunset provision & will expire after the 2025 tax year unless Congress takes action to extend the provisions or make them permanent

C. Most states will recognize the Section 199A deduction for state income tax purposes, as state tax computations generally start with federal taxable income

D. The deduction cannot exceed 20% of ordinary taxable income