To compute the QBI deduction, you must first reduce the activity's taxable income by each of the

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To compute the QBI deduction, you must first reduce the activity's taxable income by each of the following:

50% of the self-employment tax

The self-employed health insurance deduction

Any retirement plan contributions based on this income.

All of the above

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Dec 12, 2023 05:45 AM

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To compute the QBI deduction, you must first reduce the activity's taxable income by each of the

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Income Tax Fundamentals 2013

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