What kind of deduction is the deduction for qualified business income? A for AGI deduction. A...

Question

Question

What kind of deduction is the deduction for qualified business income?

A for AGI deduction.

A from AGI deduction that is not an itemized deduction.

A from AGI deduction that is an itemized deduction.

None of the choices are correct.

business accounting

Answer 1

Answer #1

A from AGI deduction that is not an itemized deduction.
One gets deduction of QBI regardless if itemwize deduction or not
This is the last deduction which is taken in determination of taxable income

If any doubt please comment

Answer 2

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