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The 20% pass through deduction will be reported on line 9 of the 1040 form. It is a calculation that is based upon your personal taxable income level and, if you have qualified business income on your return, TurboTax will calculate the deduction.
The 20% pass through deduction will be reported on line 9 of the 1040 form. It is a calculation that is based upon your personal taxable income level and, if you have qualified business income on your return, TurboTax will calculate the deduction.
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