Define each of the following terms, and explain how each is used in determining the QBI deduction.

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Define each of the following terms, and explain how each is used in determining the QBI deduction.

a. Modified taxable income.

b. Qualified business income.

c. Qualified trade or business.

d. Specified services business.

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South-Western Federal Taxation 2019 Comprehensive

ISBN: 9781337703017

42th Edition

Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young

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