Question: 1 1 . ( LO 5 ) Where does the QBI deduction appear on Form 1 0 4 0 ? It is an itemized deduction

11.(LO5) Where does the QBI deduction appear on Form 1040?
It is an itemized deduction taken on Schedule A of Form 1040.
It is a deduction from AGI on Form 1040 taken after the deduction for the greater of itemized deductions or the standard deduction.
It is a business deduction and is taken on Schedule C of Form 1040.
It is a deduction that reduces self-employment income and is taken on Schedule SE of Form 1040.

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