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Which of the following statements concerning the Section 199A qualified business income deduction is correct? A. It results in a lower adjusted gross income. B.
Which of the following statements concerning the Section 199A qualified business income deduction is correct?
A. It results in a lower adjusted gross income. B. It applies at the individual level, so one business owner may be able to take the deduction while another owner of the same business cannot. C. It is available for distributions from C corporations. D. It applies regardless of the taxpayer's income.
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