Question
Which of the following statements is true? A. You can only take the qualified business deduction if you elect to itemize your deductions OB. The
Which of the following statements is true? A. You can only take the qualified business deduction if you elect to itemize your deductions OB. The QBI deduction related to a specialized service trade business is never limited regardless of how much the business generates. OC. You may take a qualified business income deduction only if the income is generated from a passive activity OD. You can take a qualified business income deduction regardless if you take the standard deduction or itemize your deductions. OE. The qualified business income deduction was eliminated in 2019. 2 points
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