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Get your taxes done using TurboTax
The reason it says STMT for V is because IRC 199A is not as simple as many think. For some business types it could be just net income, for more complicated business you may have to factor in items affecting QBI by components such as Wages, Deprn, Sec 179 and a host of other expenses potentially. It almost follows the same logic like the now eliminated DPAD.
March 4, 2020
1:24 PM