What is the purpose of the qualified business income deduction under 199A? How is the deduction
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What is the purpose of the qualified business income deduction under § 199A? How is the deduction calculated? What information does the partnership report?
PartnershipA legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...
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The qualified business income QBI deduction under 199A is designed to yield a lower effective tax ra...View the full answer
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Related Book For 
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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