Question: Q Ltd . and R Ltd . both operate separate active businesses. Recently they created a joint venture to complete a single construction project. The

Q Ltd. and R Ltd. both operate separate active businesses. Recently they created a joint venture to complete a single construction project. The joint venture earned $900,000 in the current year. Qs share of this income qualifies for the small business deduction on Qs tax return. Is this statement true or false?

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