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Which of the following is true regarding the qualified business income deduction (QBID)? An estate or trust ___________. May claim the QBID for any business

Which of the following is true regarding the qualified business income deduction (QBID)? An estate or trust ___________.

May claim the QBID for any business income received by the estate regardless of whether it is distributed to beneficiaries.

Must pass any QBID through to the income beneficiaries. It is not allowed at the entity level.

May claim the QBID to the extent that business income is not allocated to beneficiaries.

Is not eligible to use business income received for QBID.

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