Which of the following is considered qualified business income? Investment items such as capital gains or...
Which of the following is considered qualified business income?
Investment items such as capital gains or losses, dividends, or interest income.
Income received for services performed as an employee.
Net amount of qualified items of income, gain, deductions, and losses from a qualified trade or business.
Foreign income not effectively connected with the conduct of a trade or business within the United States.
Homework Answers
Answer
- The correct answer is Option #3: Qualified Business Income is the “Net amount of qualified items of income, gain, deductions, and losses from a qualified (US) trade or business"
- Only taxable income items are included.
- Qualified Business Income do not include:
-income from performing services as an employee
-Capital gains and losses
-interest income
-foreign incomes from trade, that is, other than trade and business in US.
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