Code 5 199A permits an individual to deduct 25% of the qualified business income generated through...

Question

Question

Code 5 199A permits an individual to deduct 25% of the qualified business income generated through a sole proprietorship, a p

Answer 1

Answer #1

This is FALSE

The deduction is NOT 25%.

The deduction is generally 20% of QBI for pass-through entities.

Answer 2

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